FedEx Freight Hldg Co (NYSE:FDXF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of FedEx Freight Hldg Co (NYSE:FDXFGet Free Report) have been given an average rating of “Moderate Buy” by the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $172.6667.

A number of research firms have commented on FDXF. BMO Capital Markets increased their price target on FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, June 26th. Truist Financial started coverage on FedEx Freight in a research note on Tuesday, June 2nd. They set a “hold” rating on the stock. Zacks Research upgraded FedEx Freight to a “hold” rating in a research note on Tuesday, June 2nd. Stephens assumed coverage on shares of FedEx Freight in a report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price objective on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of FedEx Freight in a research report on Thursday. They issued a “market perform” rating and a $133.00 price objective for the company.

Read Our Latest Stock Report on FedEx Freight

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC acquired a new stake in shares of FedEx Freight during the second quarter worth $44,000. United Community Bank purchased a new stake in shares of FedEx Freight during the second quarter valued at $46,000. Syntax Research Inc. acquired a new position in shares of FedEx Freight in the 2nd quarter valued at $64,000. MCF Advisors LLC acquired a new position in shares of FedEx Freight in the 2nd quarter valued at $65,000. Finally, First Bancorp Inc ME purchased a new position in FedEx Freight in the 2nd quarter worth $80,000.

FedEx Freight Stock Performance

Shares of FDXF stock opened at $128.05 on Friday. FedEx Freight has a 12-month low of $122.43 and a 12-month high of $194.27. The business’s fifty day simple moving average is $140.99.

FedEx Freight (NYSE:FDXFGet Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. On average, analysts predict that FedEx Freight will post 4.8 earnings per share for the current year.

FedEx Freight Company Profile

(Get Free Report)

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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Analyst Recommendations for FedEx Freight (NYSE:FDXF)

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