FedEx Freight Hldg Co (NYSE:FDXF – Get Free Report) saw some unusual options trading activity on Friday. Stock traders bought 4,495 put options on the stock. This is an increase of approximately 938% compared to the typical daily volume of 433 put options.
Analyst Ratings Changes
A number of brokerages recently commented on FDXF. Wolfe Research began coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price on the stock. BMO Capital Markets upped their price target on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research report on Friday, June 26th. Stephens started coverage on FedEx Freight in a report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price objective on the stock. Truist Financial started coverage on FedEx Freight in a research note on Tuesday, June 2nd. They issued a “hold” rating for the company. Finally, Evercore initiated coverage on FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $168.00 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $177.90.
Get Our Latest Stock Analysis on FDXF
FedEx Freight Stock Down 1.1%
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. Equities research analysts anticipate that FedEx Freight will post 5.47 earnings per share for the current year.
Hedge Funds Weigh In On FedEx Freight
Hedge funds and other institutional investors have recently modified their holdings of the company. First Bancorp Inc ME bought a new stake in shares of FedEx Freight in the second quarter worth about $80,000. Ancora Advisors LLC bought a new position in FedEx Freight during the 2nd quarter valued at approximately $8,279,000. Kiltearn Partners LLP bought a new position in FedEx Freight during the 2nd quarter valued at approximately $1,727,000. Sumitomo Life Insurance Co. bought a new position in FedEx Freight during the 2nd quarter valued at approximately $194,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in FedEx Freight in the 2nd quarter worth approximately $984,000.
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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