JPMorgan Chase & Co. assumed coverage on shares of FedEx Freight (NYSE:FDXF – Free Report) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued an overweight rating and a $160.00 price objective on the stock.
FDXF has been the subject of several other reports. Wolfe Research began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $180.00 price target for the company. Raymond James Financial began coverage on shares of FedEx Freight in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective on the stock. Jefferies Financial Group began coverage on shares of FedEx Freight in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 target price for the company. Bank of America started coverage on shares of FedEx Freight in a research note on Monday, June 1st. They set a “buy” rating and a $185.00 target price for the company. Finally, BMO Capital Markets lifted their target price on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.67.
View Our Latest Research Report on FDXF
FedEx Freight Trading Down 0.7%
FedEx Freight (NYSE:FDXF – Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.00 EPS for the quarter. Equities research analysts predict that FedEx Freight will post 5.48 EPS for the current year.
Institutional Investors Weigh In On FedEx Freight
Several institutional investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in FedEx Freight in the second quarter worth approximately $44,000. United Community Bank acquired a new stake in FedEx Freight in the second quarter valued at approximately $46,000. Syntax Research Inc. acquired a new stake in FedEx Freight in the second quarter valued at approximately $64,000. MCF Advisors LLC bought a new stake in FedEx Freight in the second quarter worth approximately $65,000. Finally, First Bancorp Inc ME bought a new stake in FedEx Freight in the second quarter worth approximately $80,000.
FedEx Freight Company Profile
FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.
The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.
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