Shares of FedEx Freight Hldg Co (NYSE:FDXF – Get Free Report) hit a new 52-week low during trading on Wednesday. The stock traded as low as $107.02 and last traded at $106.3720, with a volume of 343,976 shares traded. The stock had previously closed at $110.09.
Analysts Set New Price Targets
FDXF has been the subject of several recent research reports. Bank of America reduced their price target on FedEx Freight from $157.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. BMO Capital Markets set a $130.00 target price on shares of FedEx Freight in a report on Wednesday, October 7th. JPMorgan Chase & Co. decreased their price objective on FedEx Freight from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Truist Financial decreased their price target on FedEx Freight from $155.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, October 7th. Finally, Stifel Nicolaus reduced their price target on FedEx Freight from $160.00 to $129.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FedEx Freight has an average rating of “Moderate Buy” and a consensus price target of $160.00.
Read Our Latest Stock Analysis on FedEx Freight
FedEx Freight Price Performance
Institutional Investors Weigh In On FedEx Freight
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp acquired a new stake in FedEx Freight during the 2nd quarter worth $723,747,000. Maple Rock Capital Partners Inc. acquired a new position in shares of FedEx Freight during the 2nd quarter worth approximately $68,207,000. Allianz Asset Management GmbH acquired a new position in shares of FedEx Freight during the 2nd quarter worth approximately $50,888,000. National Pension Service acquired a new stake in shares of FedEx Freight in the second quarter valued at approximately $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of FedEx Freight in the second quarter valued at approximately $19,666,000.
FedEx Freight Company Profile
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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