FedEx Freight Hldg Co (NYSE:FDXF – Get Free Report)’s share price was up 6.9% on Thursday . The company traded as high as $150.36 and last traded at $151.6310. 700,734 shares were traded during mid-day trading, a decline of 67% from the average session volume of 2,148,922 shares. The stock had previously closed at $141.80.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on FDXF. Evercore assumed coverage on FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $168.00 price objective on the stock. Truist Financial initiated coverage on FedEx Freight in a research note on Tuesday, June 2nd. They issued a “hold” rating for the company. BMO Capital Markets boosted their target price on FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, June 26th. Citigroup started coverage on FedEx Freight in a research report on Wednesday. They set an “outperform” rating for the company. Finally, Raymond James Financial began coverage on FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.90.
Get Our Latest Analysis on FDXF
FedEx Freight Stock Up 7.9%
About FedEx Freight
FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.
As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.
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