Citizens Jmp Begins Coverage on FedEx Freight (NYSE:FDXF)

Equities researchers at Citizens Jmp started coverage on shares of FedEx Freight (NYSE:FDXF) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “market outperform” rating and a $190.00 price target on the stock. Citizens Jmp’s price objective points to a potential upside of 24.23% from the company’s current price.

Several other brokerages have also issued reports on FDXF. Stephens started coverage on FedEx Freight in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price target on the stock. Wolfe Research initiated coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They set an “outperform” rating and a $180.00 price objective for the company. Raymond James Financial started coverage on shares of FedEx Freight in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective for the company. Wall Street Zen upgraded shares of FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Finally, The Goldman Sachs Group assumed coverage on shares of FedEx Freight in a research note on Wednesday, July 1st. They set a “buy” rating and a $186.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.90.

FedEx Freight Trading Up 7.9%

FDXF stock opened at $152.94 on Wednesday. FedEx Freight has a 1-year low of $139.57 and a 1-year high of $194.27.

FedEx Freight (NYSE:FDXF) last announced its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter.

FedEx Freight Company Profile

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.