FedEx Freight Hldg Co (NYSE:FDXF – Get Free Report) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $174.60.
FDXF has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price on the stock. Raymond James Financial initiated coverage on shares of FedEx Freight in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 price target for the company. Evercore initiated coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $168.00 price target for the company. Truist Financial initiated coverage on shares of FedEx Freight in a research note on Tuesday, June 2nd. They set a “hold” rating for the company. Finally, Stifel Nicolaus initiated coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set a “hold” rating and a $160.00 price target for the company.
Check Out Our Latest Analysis on FDXF
FedEx Freight Price Performance
FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing regional and national shipping services for businesses across the United States, Canada, and Mexico. The company specializes in handling palletized and bulky shipments that are too large for parcel carriers but do not require full truckload service.
Its services include standard and priority freight shipping, time-definite delivery options, and related logistics support designed to help customers move goods efficiently across short- and long-haul routes.
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