FedEx Freight (NYSE:FDXF) Hits New 52-Week Low – What’s Next?

FedEx Freight Hldg Co (NYSE:FDXF)’s share price hit 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. The stock had previously closed at $144.72.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FDXF shares. Zacks Research upgraded FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group assumed coverage on FedEx Freight in a research report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 target price for the company. Wolfe Research started coverage on FedEx Freight in a report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 price target on the stock. Bank of America assumed coverage on FedEx Freight in a research note on Monday, June 1st. They issued a “buy” rating and a $185.00 price target for the company. Finally, The Goldman Sachs Group began coverage on FedEx Freight in a research note on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price target for the company. One investment 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $176.56.

FedEx Freight Price Performance

FedEx Freight (NYSE:FDXF) last issued its earnings results on Thursday, June 25th. The company reported $0.00 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.