FedEx Freight Hldg Co (NYSE:FDXF – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $139.18 and last traded at $139.4360, with a volume of 290597 shares. The stock had previously closed at $144.36.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. BMO Capital Markets increased their target price on FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, June 26th. Bank of America assumed coverage on FedEx Freight in a research report on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective for the company. Citizens Jmp initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued a “hold” rating and a $160.00 price objective on the stock. Finally, Wall Street Zen raised shares of FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FedEx Freight presently has a consensus rating of “Moderate Buy” and an average price target of $177.90.
View Our Latest Stock Report on FedEx Freight
FedEx Freight Price Performance
FedEx Freight (NYSE:FDXF – Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter.
FedEx Freight Company Profile
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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