FedEx Freight Hldg Co (NYSE:FDXF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of FedEx Freight Hldg Co (NYSE:FDXF) have earned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $177.90.

FDXF has been the topic of several recent research reports. Citigroup assumed coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Jefferies Financial Group began coverage on shares of FedEx Freight in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price objective for the company. Stephens initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 target price on the stock. Wolfe Research initiated coverage on shares of FedEx Freight in a report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price for the company. Finally, Raymond James Financial initiated coverage on shares of FedEx Freight in a report on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 price target on the stock.

Institutional Trading of FedEx Freight

A number of large investors have recently modified their holdings of FDXF. First Bancorp Inc ME purchased a new stake in shares of FedEx Freight in the 2nd quarter worth $80,000. Sumitomo Life Insurance Co. purchased a new position in shares of FedEx Freight during the second quarter valued at $194,000. Birmingham Capital Management Co. Inc. AL bought a new stake in shares of FedEx Freight in the second quarter valued at about $745,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of FedEx Freight in the second quarter valued at about $984,000. Finally, Kiltearn Partners LLP purchased a new stake in FedEx Freight in the second quarter worth about $1,727,000.

FedEx Freight Stock Performance

Shares of NYSE FDXF opened at $144.75 on Tuesday. FedEx Freight has a 52-week low of $135.64 and a 52-week high of $194.27. The company has a fifty day moving average of $153.09.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. On average, equities analysts forecast that FedEx Freight will post 5.47 earnings per share for the current year.

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.