FedEx Freight (NYSE:FDXF) Reaches New 52-Week Low – Time to Sell?

FedEx Freight Hldg Co (NYSE:FDXF) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $140.50 and last traded at $141.1350, with a volume of 338132 shares. The stock had previously closed at $144.75.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore started coverage on FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $168.00 price objective for the company. Stifel Nicolaus initiated coverage on FedEx Freight in a research report on Thursday, June 4th. They issued a “hold” rating and a $160.00 price target for the company. Raymond James Financial assumed coverage on FedEx Freight in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective on the stock. Truist Financial began coverage on FedEx Freight in a research report on Tuesday, June 2nd. They set a “hold” rating on the stock. Finally, Wolfe Research assumed coverage on FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $180.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FedEx Freight has a consensus rating of “Moderate Buy” and a consensus price target of $177.90.

FedEx Freight Stock Performance

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