FedEx Freight Hldg Co (NYSE:FDXF) Given Average Recommendation of “Moderate Buy” by Analysts

FedEx Freight Hldg Co (NYSE:FDXF) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $177.90.

FDXF has been the topic of several recent analyst reports. Citigroup began coverage on FedEx Freight in a research note on Wednesday, July 15th. They set an “outperform” rating on the stock. Wolfe Research began coverage on FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $180.00 price target for the company. Zacks Research raised FedEx Freight to a “hold” rating in a report on Tuesday, June 2nd. BMO Capital Markets increased their price objective on FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research report on Friday, June 26th. Finally, Raymond James Financial initiated coverage on FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective for the company.

FedEx Freight Stock Performance

Shares of NYSE FDXF opened at $154.81 on Friday. FedEx Freight has a 52-week low of $139.57 and a 52-week high of $194.27.

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