BMO Capital Markets Boosts FedEx Freight (NYSE:FDXF) Price Target to $150.00

FedEx Freight (NYSE:FDXF) had its target price increased by stock analysts at BMO Capital Markets from $140.00 to $150.00 in a report released on Friday, Marketbeat Ratings reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 5.09% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus assumed coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They set a “hold” rating and a $160.00 price target for the company. Bank of America initiated coverage on FedEx Freight in a report on Monday, June 1st. They set a “buy” rating and a $185.00 price objective for the company. Truist Financial assumed coverage on FedEx Freight in a research note on Tuesday, June 2nd. They set a “hold” rating for the company. Jefferies Financial Group assumed coverage on shares of FedEx Freight in a research report on Tuesday. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, Evercore began 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FedEx Freight currently has an average rating of “Moderate Buy” and a consensus target price of $174.71.

FedEx Freight Stock Performance

Shares of NYSE FDXF opened at $158.05 on Friday. FedEx Freight has a one year low of $141.33 and a one year high of $194.27.

FedEx Freight (NYSE:FDXF) last announced its quarterly earnings results on Thursday, June 25th. The company reported $999.00 earnings per share (EPS) for the quarter.

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.