Nykredit A S Purchases New Position in FedEx Freight Hldg Co $FDXF

Key Points

• Nykredit A/S purchased 18,901 shares of FedEx Freight Hldg Co. in the second quarter, valued at approximately $2.85 million. Several other investment firms also initiated positions.
• Analysts are broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $172.67; individual targets range from $168 to $190.
• FedEx Freight shares opened at $119.19, near their 52-week low of $116.03 and below the 50-day moving average of $137.35. The company reported quarterly EPS of $0.00, while analysts expect $4.80 EPS for the full year.

Nykredit A S purchased a new stake in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,901 shares of the company's stock, valued at approximately $2,854,000.

Other hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of FedEx Freight during the 2nd quarter worth approximately $44,000. United Community Bank acquired a new position in shares of FedEx Freight in the 2nd quarter valued at $46,000. Syntax Research Inc. purchased a new stake in FedEx Freight during the second quarter worth $64,000. First Bancorp Inc ME purchased a new stake in FedEx Freight during the second quarter worth $80,000. Finally, Investors Research Corp acquired a new stake in FedEx Freight during the second quarter valued at $80,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James Financial assumed coverage on shares of FedEx Freight in a report on Wednesday, June 3rd. They issued an "outperform" rating and a $180.00 price objective for the company. Stephens started coverage on shares of FedEx Freight in a research note on Wednesday, July 8th. They set an "overweight" rating and a $180.00 target price on the stock. 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. Bank of America assumed coverage on FedEx Freight in a research note on Monday, June 1st. They issued a "buy" rating and a $185.00 price target for the company. Finally, Citizens Jmp assumed coverage on FedEx Freight in a report on Wednesday, July 15th. They issued a "market outperform" rating and a $190.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, FedEx Freight has a consensus rating of "Moderate Buy" and an average target price of $172.67.

FedEx Freight Stock Performance

FedEx Freight stock opened at $119.19 on Wednesday. The company has a fifty day moving average of $137.35. FedEx Freight Hldg Co has a 1 year low of $116.03 and a 1 year high of $194.27.

FedEx Freight (NYSE:FDXF - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. As a group, analysts forecast that FedEx Freight Hldg Co will post 4.8 EPS for the current year.

FedEx Freight Company Profile

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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