FedEx Freight Hldg Co (NYSE:FDXF) Stock Has Consensus Price Target of $159.00

FedEx Freight Hldg Co (NYSE:FDXF) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $159.00.

A number of brokerages have recently weighed in on FDXF. Sanford C. Bernstein initiated coverage on FedEx Freight in a research note on Thursday, September 10th. They issued a “market perform” rating and a $133.00 price objective for the company. Citizens Jmp began coverage on FedEx Freight in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 target price on the stock. BMO Capital Markets set a $130.00 target price on FedEx Freight in a report on Wednesday, October 7th. Weiss Ratings raised FedEx Freight from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, November 2nd. Finally, JPMorgan Chase & Co. lifted their target price on FedEx Freight from $149.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, October 30th.

FedEx Freight Price Performance

FedEx Freight stock opened at $123.88 on Friday. FedEx Freight has a fifty-two week low of $103.47 and a fifty-two week high of $194.27. The firm has a 50 day moving average of $118.37.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $2.46 billion for the quarter. On average, sell-side analysts expect that FedEx Freight will post 4.67 EPS for the current year.

Institutional Investors Weigh In On FedEx Freight

Several large investors have recently added to or reduced their stakes in the business. State Street Corp purchased a new position in FedEx Freight in the 2nd quarter valued at approximately $723,747,000. Maple Rock Capital Partners Inc. purchased a new stake in shares of FedEx Freight during the second quarter worth $68,207,000. Allianz Asset Management GmbH acquired a new stake in shares of FedEx Freight in the second quarter valued at $50,888,000. National Pension Service acquired a new stake in shares of FedEx Freight in the second quarter valued at $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FedEx Freight in the second quarter valued at $19,666,000.

About FedEx Freight