FedEx Freight Hldg Co (NYSE:FDXF) Receives $177.90 Average PT from Analysts

FedEx Freight Hldg Co (NYSE:FDXF) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $177.90.

Several equities research analysts recently weighed in on FDXF shares. BMO Capital Markets increased their target price on shares of FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, June 26th. Wall Street Zen upgraded FedEx Freight to a “hold” rating in a research note on Saturday, June 6th. Citigroup began coverage on FedEx Freight in a report on Wednesday, July 15th. They issued an “outperform” rating for the company. Raymond James Financial began coverage on FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price target for the company. Finally, Zacks Research upgraded FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd.

FedEx Freight Price Performance

Shares of FedEx Freight stock opened at $158.00 on Friday. FedEx Freight has a fifty-two week low of $139.57 and a fifty-two week high of $194.27.

FedEx Freight (NYSE:FDXF) last posted its quarterly 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.