FedEx Freight (NYSE:FDXF) Posts Quarterly Earnings Results

FedEx Freight (NYSE:FDXF) announced its earnings results on Thursday. The company reported $999.00 EPS for the quarter, Zacks reports.

FedEx Freight Trading Down 1.5%

Shares of NYSE FDXF traded down $2.40 during midday trading on Thursday, hitting $158.05. The company’s stock had a trading volume of 1,211,963 shares, compared to its average volume of 2,435,775. FedEx Freight has a 12-month low of $141.33 and a 12-month high of $194.27.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FDXF shares. Wall Street Zen upgraded FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Wolfe Research began coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $180.00 price target on the stock. Evercore began coverage on FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $168.00 price target for the company. Jefferies Financial Group initiated coverage on FedEx Freight in a research report on Tuesday. They set a “buy” rating and a $200.00 target price for the company. Finally, Raymond James Financial assumed coverage on FedEx Freight in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.83.

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.