FedEx Freight Hldg Co (NYSE:FDXF) Stock Has Average Price Target of $168.00 According to Brokerages

FedEx Freight Hldg Co (NYSE:FDXF) has received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $160.00.

Several equities analysts recently weighed in on FDXF shares. The Goldman Sachs Group initiated coverage on FedEx Freight in a research note on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price objective for the company. Citizens Jmp started coverage on FedEx Freight in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 target price on the stock. Jefferies Financial Group began coverage on FedEx Freight in a report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on FedEx Freight from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, BMO Capital Markets set a $130.00 price target on FedEx Freight in a research note on Wednesday.

FedEx Freight Price Performance

FDXF stock opened at $115.62 on Wednesday. The firm’s 50 day moving average is $128.11. FedEx Freight has a 12-month low of $107.67 and a 12-month high of $194.27.

Hedge Funds Weigh In On FedEx Freight

Several hedge funds have recently added to or reduced their stakes in FDXF. State Street Corp acquired a new position in FedEx Freight in the 2nd quarter valued at about $723,747,000. Maple Rock Capital Partners Inc. purchased a new stake in shares of FedEx Freight during the second quarter worth about $68,207,000. Allianz Asset Management GmbH acquired a new position in shares of FedEx Freight in the second quarter valued at approximately $50,888,000. National Pension Service acquired a new position in shares of FedEx Freight in the second quarter valued at approximately $26,648,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in FedEx Freight in the 2nd quarter worth approximately $19,666,000.

FedEx Freight Company Profile

FedEx Freight is a transportation and logistics company focused on less-than-truckload (LTL) shipping. It moves palletized and oversized freight that does not require a full truck, serving commercial, industrial and residential customers through scheduled pickup and delivery services.

The company offers time-sensitive and cost-conscious freight options, including FedEx Freight Priority and FedEx Freight Economy. Its services also include shipment tracking and visibility tools, freight pickup and delivery, cross-border transportation, and specialized solutions for shipments requiring additional handling or delivery coordination.

FedEx Freight primarily serves the United States, with transportation connections to Canada, Mexico and other international markets through the broader FedEx network.