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

Key Points

• Analysts maintain a Moderate Buy consensus on FedEx Freight, with nine buy ratings, one strong buy, five holds and one sell. The average 12-month price target is $159, above the stock’s reported $126.41 price.
• FedEx Freight beat quarterly expectations with EPS of $1.49 versus the $1.38 consensus and revenue of $2.46 billion, while forecasting improving volumes, pricing and margins for the next quarter.
• Pricing strength is offsetting mixed demand: shipments declined slightly and peak-season volumes are expected to remain tepid, although strong renewal pricing and potential network expansion support the company’s transition-period outlook.

FedEx Freight Hldg Co (NYSE:FDXF - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $159.00.

A number of equities analysts recently weighed in on the stock. Stephens initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They set an "overweight" rating and a $180.00 price objective for the company. Stifel Nicolaus cut their target price on FedEx Freight from $160.00 to $129.00 and set a "hold" rating on the stock in a research report on Thursday, October 8th. Truist Financial cut their target price on FedEx Freight from $155.00 to $115.00 and set a "hold" rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial restated an "outperform" rating and set a $165.00 price target on shares of FedEx Freight in a research note on Thursday, October 15th. Finally, Weiss Ratings lowered FedEx Freight from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 22nd.

FedEx Freight News Roundup

Here are the key news stories impacting FedEx Freight this week:

• Positive Sentiment: Earnings beat expectations: FedEx Freight reported $1.49 in earnings per share versus the $1.38 analyst consensus, with revenue of $2.46 billion. Higher freight yields and fuel surcharges supported revenue, while management raised its transition-period outlook. FDXF Four-Month Transition Period Earnings Beat Estimates on Higher Yields
• Positive Sentiment: Better near-term outlook: The company forecast fourth-quarter adjusted EPS of $0.65-$0.75 and revenue of $2.30-$2.37 billion, with improving volumes, pricing, and expected margin improvement supporting the forecast. FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing
• Positive Sentiment: Pricing power remains a key strength: Management highlighted some of its strongest renewal pricing in years, helping offset softer demand and reinforcing expectations for earnings growth during the transition period. FedEx Freight Soars on Raised Outlook
• Positive Sentiment: Analyst support: Analysts cited the quarterly beat and growth targets as reasons for the favorable reaction, helping reinforce investor confidence in the newly spun-off freight carrier. FedEx Freight shares surge as analysts back growth targets
• Neutral Sentiment: Strategic expansion: After initial consolidation following the spinoff, FedEx Freight is evaluating additional opportunities to expand its less-than-truckload network and customer base. FedEx Freight goes hunting after initial consolidation
• Negative Sentiment: Demand remains mixed: Third-quarter shipments dipped slightly, and management expects peak-season volume to be tepid, meaning pricing—not strong volume growth—is currently doing much of the earnings-supporting work. FedEx Freight Q3 shipments dip slightly following spinoff
• Negative Sentiment: Price target reduced: Jefferies lowered its FedEx Freight price target to $180 from $200, signaling more cautious valuation expectations despite the earnings beat. Jefferies Adjusts Price Target on FedEx Freight

Institutional Investors Weigh In On FedEx Freight

Several institutional investors and hedge funds have recently modified their holdings of FDXF. Birch Capital Management LLC purchased a new stake in shares of FedEx Freight during the second quarter worth $1,439,000. Maple Rock Capital Partners Inc. purchased a new position in FedEx Freight in the second quarter valued at $68,207,000. Engineers Gate Manager LP purchased a new position in FedEx Freight in the second quarter valued at $2,244,000. State Street Corp purchased a new position in FedEx Freight in the second quarter valued at $723,747,000. Finally, Kiltearn Partners LLP acquired a new position in FedEx Freight during the 2nd quarter worth $1,727,000.

FedEx Freight Stock Up 15.2%

FDXF stock opened at $126.41 on Friday. FedEx Freight has a 52-week low of $103.47 and a 52-week high of $194.27. The stock's fifty day simple moving average is $118.84.

FedEx Freight (NYSE:FDXF - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $2.46 billion during the quarter. As a group, equities research analysts anticipate that FedEx Freight will post 4.59 earnings per share for the current fiscal year.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) freight transportation company that provides pickup, consolidation, transportation and delivery services for shipments that do not require a full truck. Its customers include businesses across manufacturing, retail, wholesale, healthcare, technology and other industries.

The company offers a range of LTL solutions, including time-definite and day-definite services, standard and economy freight transportation, expedited shipping, volume and multiweight services, and specialized delivery options.

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