FedEx Freight Hldg Co (NYSE:FDXF) Stock Has Average Price Target of $168.00

FedEx Freight Hldg Co (NYSE:FDXF) has been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $160.00.

Several equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. BMO Capital Markets set a $130.00 target price on shares of FedEx Freight in a report on Wednesday. Citizens Jmp assumed coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 target price for the company. Weiss Ratings downgraded shares of FedEx Freight from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. Finally, Stephens initiated coverage on shares of FedEx Freight in a report on Wednesday, July 8th. They set an “overweight” rating and a $180.00 price target for the company.

Institutional Trading of FedEx Freight

Several hedge funds have recently modified their holdings of FDXF. Wedmont Private Capital raised its holdings in shares of FedEx Freight by 8.4% in the third quarter. Wedmont Private Capital now owns 2,020 shares of the company’s stock valued at $234,000 after buying an additional 156 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in FedEx Freight in the 3rd quarter valued at about $26,000. CYBER HORNET ETFs LLC acquired a new stake in FedEx Freight in the 2nd quarter valued at about $44,000. United Community Bank bought a new position in shares of FedEx Freight in the second quarter worth about $46,000. Finally, Syntax Research Inc. bought a new position in shares of FedEx Freight in the second quarter worth about $64,000.

FedEx Freight Trading Up 0.1%

Shares of FDXF stock opened at $115.62 on Wednesday. The company has a fifty day moving average of $128.11. FedEx Freight has a one year low of $107.67 and a one year high of $194.27.

About FedEx Freight

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.