Andra AP fonden Acquires New Position in FedEx Freight Hldg Co $FDXF

Key Points

• Andra AP fonden acquired 28,279 shares of FedEx Freight Hldg Co during the second quarter, valued at approximately $4.27 million. Several other institutional investors also initiated smaller positions.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $172.67; individual targets range from $133 to $180.
• FDXF opened at $119.26, near its 52-week low of $116.03 and below its 50-day moving average of $136.89. The company reported quarterly EPS of $0.00, while analysts expect full-year EPS of $4.80.

Andra AP fonden acquired a new stake in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,279 shares of the company's stock, valued at approximately $4,270,000.

A number of other institutional investors have also recently bought and sold shares of FDXF. CYBER HORNET ETFs LLC bought a new position in FedEx Freight during the second quarter worth about $44,000. United Community Bank bought a new stake in shares of FedEx Freight in the 2nd quarter valued at about $46,000. Syntax Research Inc. acquired a new stake in shares of FedEx Freight in the 2nd quarter valued at approximately $64,000. MCF Advisors LLC acquired a new stake in shares of FedEx Freight in the 2nd quarter valued at approximately $65,000. Finally, First Bancorp Inc ME bought a new position in FedEx Freight during the 2nd quarter worth approximately $80,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FDXF shares. Evercore initiated coverage on shares of FedEx Freight in a report on Thursday, June 4th. They set an "outperform" rating and a $168.00 price objective for the company. Sanford C. Bernstein initiated coverage on shares of FedEx Freight in a report on Thursday, September 10th. They issued a "market perform" rating and a $133.00 target price on the stock. Wolfe Research assumed coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They set an "outperform" rating and a $180.00 price target on the stock. Weiss Ratings raised shares of FedEx Freight from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, September 8th. Finally, Stifel Nicolaus assumed coverage on shares of FedEx Freight in a research report on Thursday, June 4th. They issued a "hold" rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $172.67.

FedEx Freight Price Performance

Shares of FDXF opened at $119.26 on Thursday. The company has a 50 day simple moving average of $136.89. FedEx Freight Hldg Co has a 52-week low of $116.03 and a 52-week high of $194.27.

FedEx Freight (NYSE:FDXF - Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. Equities analysts forecast that FedEx Freight Hldg Co will post 4.8 EPS for the current 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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