Commerzbank Aktiengesellschaft FI acquired a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 6,517 shares of the company’s stock, valued at approximately $984,000.
Separately, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of FedEx Freight in the 2nd quarter valued at $19,666,000.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Jefferies Financial Group started coverage on FedEx Freight in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 target price for the company. Citizens Jmp initiated coverage on FedEx Freight in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price objective on the stock. Bank of America initiated coverage on FedEx Freight in a report on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective on the stock. Stephens began coverage on FedEx Freight in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on FedEx Freight in a report on Wednesday, July 1st. They set a “buy” rating and a $186.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.90.
FedEx Freight Trading Down 2.9%
NYSE:FDXF opened at $139.60 on Wednesday. The business has a fifty day simple moving average of $152.11. FedEx Freight Hldg Co has a 1-year low of $135.64 and a 1-year high of $194.27.
FedEx Freight (NYSE:FDXF – Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. Research analysts predict that FedEx Freight Hldg Co will post 5.47 EPS for the current fiscal year.
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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