FedEx Freight Hldg Co (NYSE:FDXF) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately bullish: Eight of 13 analysts rate FedEx Freight a buy, one rates it a strong buy, and four recommend holding. The average 12-month price target is $177.90.
• Recent coverage includes outperform or overweight ratings from Raymond James, Evercore, and Stephens, with price targets ranging from $168 to $180; BMO raised its target to $150 while maintaining a market-perform rating.
• FDXF opened at $144.75, below its 50-day moving average of $153.09, after reporting quarterly EPS of $0.00. Several institutional investors established new positions during the second quarter.

FedEx Freight Hldg Co (NYSE:FDXF - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $177.90.

Several equities research analysts have recently commented on the stock. Raymond James Financial initiated coverage on shares of FedEx Freight in a research report on Wednesday, June 3rd. They set an "outperform" rating and a $180.00 price target for the company. BMO Capital Markets boosted their target price on shares of FedEx Freight from $140.00 to $150.00 and gave the company a "market perform" rating in a research report on Friday, June 26th. Zacks Research raised shares of FedEx Freight to a "hold" rating in a report on Tuesday, June 2nd. Evercore began coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They issued an "outperform" rating and a $168.00 price target on the stock. Finally, Stephens initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 8th. They set an "overweight" rating and a $180.00 price target on the stock.

FedEx Freight Price Performance

Shares of FDXF opened at $144.75 on Tuesday. FedEx Freight has a one year low of $135.64 and a one year high of $194.27. The business has a fifty day moving average price of $153.09.

FedEx Freight (NYSE:FDXF - Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. Equities research analysts predict that FedEx Freight will post 5.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FDXF. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of FedEx Freight during the 2nd quarter valued at $19,666,000. Kiltearn Partners LLP purchased a new stake in FedEx Freight in the 2nd quarter worth $1,727,000. Public Employees Retirement System of Ohio purchased a new stake in FedEx Freight in the 2nd quarter worth $5,884,000. Pacific Heights Asset Management LLC bought a new stake in FedEx Freight during the second quarter valued at about $6,418,000. Finally, Birmingham Capital Management Co. Inc. AL bought a new stake in FedEx Freight during the second quarter valued at about $745,000.

About FedEx Freight

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.

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