FedEx Freight Target of Unusually Large Options Trading (NYSE:FDXF)

FedEx Freight Hldg Co (NYSE:FDXF) was the target of unusually large options trading activity on Wednesday. Stock traders bought 9,640 put options on the stock. This represents an increase of approximately 1,682% compared to the typical volume of 541 put options.

FedEx Freight Price Performance

Shares of NYSE FDXF traded down $3.69 during mid-day trading on Wednesday, reaching $123.25. 577,956 shares of the company traded hands, compared to its average volume of 1,591,716. FedEx Freight has a fifty-two week low of $121.82 and a fifty-two week high of $194.27. The company has a fifty day moving average of $140.16.

FedEx Freight (NYSE:FDXF) last released its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. Sell-side analysts anticipate that FedEx Freight will post 4.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings upgraded FedEx Freight from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 8th. BMO Capital Markets boosted their price target on FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, June 26th. Citizens Jmp initiated coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price target for the company. Jefferies Financial Group started coverage on shares of FedEx Freight in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Bank of America began coverage on shares of FedEx Freight in a report on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, FedEx Freight presently has an average rating of “Moderate Buy” and an average target price of $172.67.

Institutional Trading of FedEx Freight

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

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.