FedEx Freight (NYSE:FDXF – Get Free Report) was upgraded by Sanford C. Bernstein to a “hold” rating in a research report issued on Thursday, Zacks reports.
A number of other analysts have also recently commented on the company. Stephens started coverage on FedEx Freight in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price objective for the company. Zacks Research upgraded FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Raymond James Financial initiated coverage on shares of FedEx Freight in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 1st. They set a “buy” rating and a $186.00 price objective for the company. Finally, Wall Street Zen raised shares of FedEx Freight to a “hold” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx Freight presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.67.
View Our Latest Analysis on FedEx Freight
FedEx Freight Stock Performance
FedEx Freight (NYSE:FDXF – Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. As a group, analysts expect that FedEx Freight will post 4.8 EPS for the current fiscal year.
Hedge Funds Weigh In On FedEx Freight
A number of hedge funds have recently made changes to their positions in FDXF. California State Teachers Retirement System purchased a new stake in shares of FedEx Freight during the second quarter worth approximately $3,615,235,000. Maple Rock Capital Partners Inc. purchased a new position in FedEx Freight in the 2nd quarter valued at $68,207,000. Allianz Asset Management GmbH purchased a new position in FedEx Freight in the 2nd quarter valued at $50,888,000. National Pension Service acquired a new stake in FedEx Freight during the 2nd quarter worth $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in FedEx Freight during the 2nd quarter worth $19,666,000.
FedEx Freight Company Profile
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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