TD Waterhouse Canada Inc. purchased a new position in FedEx Freight Hldg Co (NYSE:FDXF – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,815 shares of the company’s stock, valued at approximately $1,530,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. United Community Bank bought a new position in shares of FedEx Freight during the 2nd quarter valued at about $46,000. Syntax Research Inc. bought a new stake in shares of FedEx Freight in the 2nd quarter worth approximately $64,000. First Bancorp Inc ME acquired a new stake in FedEx Freight during the second quarter valued at approximately $80,000. Investors Research Corp acquired a new stake in FedEx Freight during the second quarter valued at approximately $80,000. Finally, Sumitomo Life Insurance Co. bought a new stake in FedEx Freight during the second quarter worth approximately $194,000.
FedEx Freight Trading Down 0.4%
FedEx Freight stock opened at $128.93 on Wednesday. FedEx Freight Hldg Co has a fifty-two week low of $123.24 and a fifty-two week high of $194.27. The stock has a 50 day moving average price of $142.59.
Wall Street Analyst Weigh In
FDXF has been the topic of several recent research reports. Stephens began coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price target on the stock. Bank of America began coverage on FedEx Freight in a research note on Monday, June 1st. They set a “buy” rating and a $185.00 price objective for the company. BMO Capital Markets lifted their target price on FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a report on Friday, June 26th. Raymond James Financial initiated coverage on FedEx Freight in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 target price on the stock. Finally, Wall Street Zen raised FedEx Freight to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.27.
Get Our Latest Stock Report on FDXF
About FedEx Freight
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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