FedEx Freight (NYSE:FDXF) Hits New 1-Year Low – Here’s Why

FedEx Freight Hldg Co (NYSE:FDXF) shares hit a new 52-week low on Wednesday . The stock traded as low as $140.67 and last traded at $141.3910, with a volume of 232030 shares traded. The stock had previously closed at $144.72.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FDXF shares. BMO Capital Markets increased their price objective 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. The Goldman Sachs Group began 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. Wall Street Zen raised shares of FedEx Freight to a “hold” rating in a report on Saturday, June 6th. Bank of America assumed coverage on FedEx Freight in a research report on Monday, June 1st. They issued a “buy” rating and a $185.00 price target for the company. Finally, Truist Financial began coverage on FedEx Freight in a research note on Tuesday, June 2nd. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.56.

FedEx Freight Stock Performance

FedEx Freight (NYSE:FDXF) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter.

FedEx Freight Company Profile

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.