FedEx Freight (NYSE:FDXF) Hits New 1-Year Low – Should You Sell?

FedEx Freight Hldg Co (NYSE:FDXF) reached a new 52-week low on Wednesday . The stock traded as low as $140.67 and last traded at $141.3910, with a volume of 232030 shares trading hands. The stock had previously closed at $144.72.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, June 26th. Stephens initiated coverage on shares of FedEx Freight in a research report on Wednesday. They set an “overweight” rating and a $180.00 price target on the stock. Wolfe Research started coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price on the stock. Zacks Research upgraded shares of FedEx Freight to a “hold” rating in a report on Tuesday, June 2nd. Finally, Truist Financial initiated coverage on FedEx Freight in a research report on Tuesday, June 2nd. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $176.56.

FedEx Freight Stock Performance

FedEx Freight (NYSE:FDXF) last issued 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.