FedEx Freight (NYSE:FDXF) Given New $150.00 Price Target at BMO Capital Markets

FedEx Freight (NYSE:FDXF) had its price objective increased by equities researchers at BMO Capital Markets from $140.00 to $150.00 in a research note issued to investors on Friday, Marketbeat.com reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 5.09% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Wall Street Zen raised shares of FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Evercore started coverage on FedEx Freight in a research report on Thursday, June 4th. They issued an “outperform” rating and a $168.00 target price on the stock. Truist Financial began coverage on FedEx Freight in a report on Tuesday, June 2nd. They issued a “hold” rating on the stock. Jefferies Financial Group started coverage on FedEx Freight in a research note on Tuesday. They set a “buy” rating and a $200.00 price target for the company. Finally, Bank of America initiated coverage on FedEx Freight in a report on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.71.

FedEx Freight Trading Down 1.5%

FDXF stock opened at $158.05 on Friday. FedEx Freight has a one year low of $141.33 and a one year high of $194.27.

FedEx Freight (NYSE:FDXF) last issued its quarterly earnings results on Thursday, June 25th. The company reported $999.00 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.