FedEx Freight Hldg Co (NYSE:FDXF) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• FedEx Freight has a “Moderate Buy” consensus rating from 16 analysts, with nine buys, one strong buy, five holds and one sell. The average 12-month price target is $172.67, well above the reported share price of $128.05.
• Recent brokerages have generally been bullish: Stephens, Goldman Sachs, Raymond James and Evercore initiated coverage with positive ratings and price targets ranging from $168 to $186.
• Institutional interest increased in the second quarter, including a new $26.6 million position from the National Pension Service. FedEx Freight reported quarterly EPS of $0.00, while analysts expect full-year EPS of approximately $4.80.

Shares of FedEx Freight Hldg Co (NYSE:FDXF - Get Free Report) have received a consensus rating of "Moderate Buy" from the sixteen analysts that are presently covering the firm, Marketbeat.com reports. One equities 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 given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $172.6667.

Several equities research analysts have recently weighed in on FDXF shares. Stephens initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They issued an "overweight" rating and a $180.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 1st. They issued a "buy" rating and a $186.00 price objective for the company. Raymond James Financial initiated coverage on FedEx Freight in a report on Wednesday, June 3rd. They set an "outperform" rating and a $180.00 target price for the company. Evercore initiated coverage on FedEx Freight in a research report on Thursday, June 4th. They set an "outperform" rating and a $168.00 target price on the stock. Finally, Weiss Ratings upgraded FedEx Freight from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday.

Hedge Funds Weigh In On FedEx Freight

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of FedEx Freight during the second quarter valued at about $1,041,000. Tidal Investments LLC bought a new stake in shares of FedEx Freight in the 2nd quarter valued at about $2,658,000. MCF Advisors LLC purchased a new position in shares of FedEx Freight in the 2nd quarter worth approximately $65,000. Scholtz & Company LLC purchased a new position in shares of FedEx Freight in the 2nd quarter worth approximately $1,967,000. Finally, National Pension Service purchased a new position in shares of FedEx Freight in the 2nd quarter worth approximately $26,648,000.

FedEx Freight Stock Up 3.3%

FDXF stock opened at $128.05 on Friday. The company has a 50-day moving average price of $140.99. FedEx Freight has a 1-year low of $122.43 and a 1-year high of $194.27.

FedEx Freight (NYSE:FDXF - Get Free Report) last issued its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that FedEx Freight will post 4.8 EPS for the current fiscal year.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.

The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.

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