FedEx Freight (NYSE:FDXF) Sets New 1-Year Low – Time to Sell?

FedEx Freight Hldg Co (NYSE:FDXF)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $139.18 and last traded at $139.4360, with a volume of 290597 shares changing hands. The stock had previously closed at $144.36.

Analyst Upgrades and Downgrades

Several research firms have commented on FDXF. Raymond James Financial initiated coverage on shares of FedEx Freight in a report on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 price objective on the stock. Stephens assumed coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price target on the stock. Jefferies Financial Group began coverage on shares of FedEx Freight in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price target on the stock. The Goldman Sachs Group started coverage on shares of FedEx Freight in a research note on Wednesday, July 1st. They set a “buy” rating and a $186.00 price target on the stock. Finally, Zacks Research upgraded shares of FedEx Freight to a “hold” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, FedEx Freight currently has an average rating of “Moderate Buy” and an average price target of $177.90.

FedEx Freight Price Performance

The business has a 50 day moving average price of $156.39.

FedEx Freight (NYSE:FDXF) last posted its 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.