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

Key Points

• Analysts give FedEx Freight a “Moderate Buy” consensus: Nine analysts rate the stock a buy, one a strong buy, five a hold and one a sell. The average 12-month price target is $168, well above its opening price of $111.89.
• Recent broker views have been mixed: Goldman Sachs set a $186 buy target, while Bank of America lowered its target to $140 despite maintaining a buy rating; Bernstein assigned a $133 market-perform target.
• FDXF is trading near its one-year low of $107.67 and below its 50-day moving average of $129.68. Several hedge funds and financial institutions also recently initiated small positions in the company.

FedEx Freight Hldg Co (NYSE:FDXF - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $168.00.

Several brokerages have recently issued reports on FDXF. Citigroup assumed coverage on FedEx Freight in a research report on Wednesday, July 15th. They issued an "outperform" rating on the stock. Weiss Ratings cut FedEx Freight from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 22nd. Bank of America cut their target price on shares of FedEx Freight from $157.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, September 29th. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a report on Wednesday, July 1st. They issued a "buy" rating and a $186.00 target price on the stock. Finally, Sanford C. Bernstein began coverage on shares of FedEx Freight in a research note on Thursday, September 10th. They set a "market perform" rating and a $133.00 price target on the stock.

FedEx Freight Stock Performance

Shares of NYSE:FDXF opened at $111.89 on Wednesday. The company's fifty day moving average is $129.68. FedEx Freight has a one year low of $107.67 and a one year high of $194.27.

Institutional Trading of FedEx Freight

A number of hedge funds have recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in FedEx Freight in the 2nd quarter valued at $44,000. United Community Bank acquired a new stake in shares of FedEx Freight during the second quarter worth $46,000. Syntax Research Inc. acquired a new stake in shares of FedEx Freight during the second quarter worth $64,000. MCF Advisors LLC purchased a new stake in shares of FedEx Freight in the second quarter valued at $65,000. Finally, Tompkins Financial Corp purchased a new stake in shares of FedEx Freight in the third quarter valued at $49,000.

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.

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