FedEx Freight (NYSE:FDXF) Upgraded to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of FedEx Freight (NYSE:FDXF) to a hold rating in a research note issued to investors on Thursday morning,Zacks reports.

A number of other brokerages have also recently commented on FDXF. Citigroup started coverage on FedEx Freight in a research report on Wednesday, July 15th. They issued an “outperform” rating on the stock. Raymond James Financial assumed coverage on shares of FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 target price on the stock. Wolfe Research started coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $180.00 price target for the company. Evercore started coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $168.00 price objective on the stock. Finally, Truist Financial began coverage on FedEx Freight in a research note on Tuesday, June 2nd. They set a “hold” rating for the company. 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 issued a Sell rating to the company. According to MarketBeat.com, FedEx Freight presently has a consensus rating of “Moderate Buy” and an average price target of $172.67.

FedEx Freight Price Performance

NYSE FDXF opened at $128.05 on Thursday. The company has a 50 day simple moving average of $140.99. FedEx Freight has a 1-year low of $122.43 and a 1-year high of $194.27.

FedEx Freight (NYSE:FDXF) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that FedEx Freight will post 4.8 earnings per share for the current year.

Institutional Investors Weigh In On FedEx Freight

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System acquired a new stake in shares of FedEx Freight during the 2nd quarter valued at $3,615,235,000. Maple Rock Capital Partners Inc. acquired a new stake in shares of FedEx Freight during the second quarter valued at about $68,207,000. Allianz Asset Management GmbH acquired a new stake in shares of FedEx Freight during the second quarter valued at about $50,888,000. National Pension Service bought a new stake in shares of FedEx Freight during the second quarter worth about $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of FedEx Freight during the second quarter worth about $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.