Citizens Jmp Initiates Coverage on FedEx Freight (NYSE:FDXF)

Analysts at Citizens Jmp started coverage on shares of FedEx Freight (NYSE:FDXF) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a “market outperform” rating and a $190.00 price target on the stock. Citizens Jmp’s target price suggests a potential upside of 31.04% from the stock’s previous close.

FDXF has been the subject of a number of other reports. Evercore began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They issued an “outperform” rating and a $168.00 price target for the company. Stifel Nicolaus assumed coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued a “hold” rating and a $160.00 price objective on the stock. Truist Financial began coverage on shares of FedEx Freight in a report on Tuesday, June 2nd. They issued a “hold” rating on the stock. The Goldman Sachs Group assumed coverage on shares of FedEx Freight in a research note on Wednesday, July 1st. They set a “buy” rating and a $186.00 target price for the company. Finally, Zacks Research upgraded shares of FedEx Freight to a “hold” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.90.

FedEx Freight Trading Down 2.3%

Shares of FedEx Freight stock opened at $145.00 on Wednesday. FedEx Freight has a fifty-two week low of $140.67 and a fifty-two week high of $194.27.

FedEx Freight (NYSE:FDXF) last announced its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter.

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.