FedEx Freight Hldg Co (NYSE:FDXF) Stock Has Average Target Price of $168.00 According to Analysts

Shares of FedEx Freight Hldg Co (NYSE:FDXF – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $160.00.

FDXF has been the topic of several recent research reports. The Goldman Sachs Group started coverage on FedEx Freight in a research report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price target on the stock. Stephens began coverage on FedEx Freight in a research report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price objective for the company. Bank of America lowered their target price on FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. JPMorgan Chase & Co. lowered their target price on FedEx Freight from $160.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Finally, Citizens Jmp began coverage on FedEx Freight in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 target price on the stock.

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Institutional Investors Weigh In On FedEx Freight

Several hedge funds have recently modified their holdings of FDXF. CoreCap Advisors LLC acquired a new position in FedEx Freight in the 3rd quarter valued at $26,000. CYBER HORNET ETFs LLC acquired a new stake in shares of FedEx Freight in the 2nd quarter worth $44,000. United Community Bank acquired a new stake in shares of FedEx Freight in the 2nd quarter worth $46,000. Syntax Research Inc. acquired a new stake in shares of FedEx Freight in the 2nd quarter worth $64,000. Finally, MCF Advisors LLC purchased a new stake in shares of FedEx Freight in the second quarter valued at about $65,000.

FedEx Freight Price Performance

Shares of FDXF opened at $110.28 on Wednesday. FedEx Freight has a fifty-two week low of $107.67 and a fifty-two week high of $194.27. The business’s 50-day simple moving average is $126.93.

About FedEx Freight

(Get Free Report)

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.

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