FedEx Freight Hldg Co (NYSE:FDXF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of FedEx Freight Hldg Co (NYSE:FDXF) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $172.6667.

Several research firms have issued reports on FDXF. BMO Capital Markets increased their target price on shares of FedEx Freight from $140.00 to $150.00 and gave the stock a “market perform” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. started coverage on FedEx Freight in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $160.00 price objective on the stock. 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 for the company. Sanford C. Bernstein began coverage on FedEx Freight in a report on Thursday, September 10th. They issued a “market perform” rating and a $133.00 price target on the stock. Finally, Wall Street Zen raised FedEx Freight to a “hold” rating in a report on Saturday, June 6th.

FedEx Freight Stock Performance

NYSE:FDXF opened at $120.25 on Friday. FedEx Freight has a 52-week low of $120.01 and a 52-week high of $194.27. The company’s fifty day moving average is $138.49.

FedEx Freight (NYSE:FDXF) last issued its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. Research analysts forecast that FedEx Freight will post 4.8 earnings per share for the current year.

Key Stories Impacting FedEx Freight

Here are the key news stories impacting FedEx Freight this week:

• Positive Sentiment: FedEx Freight announced a long-term partnership with NASCAR to become the entitlement sponsor of the NASCAR Truck Series beginning in 2027. The deal should increase brand visibility and marketing reach, although its financial impact will likely take time to develop. FedEx Freight announces partnership with NASCAR Truck Series
• Positive Sentiment: Brokerages set a consensus price target of $172.67 for FDXF, well above its recent trading level, indicating substantial potential upside if the company meets expectations. FedEx Freight receives consensus target price
• Neutral Sentiment: FedEx Freight experienced unusually high options activity. Elevated derivatives volume can signal increased investor interest or hedging, but it does not establish a clear direction for the stock. FedEx Freight sees unusually high options volume
• Negative Sentiment: The latest earnings report showed earnings per share of $0.00, while the stock remains close to its 52-week low. That weak near-term profitability backdrop may be outweighing the longer-term benefits of the NASCAR sponsorship and optimistic analyst targets.

Institutional Trading of FedEx Freight

A number of hedge funds have recently made changes to their positions in FDXF. Maple Rock Capital Partners Inc. purchased a new stake in FedEx Freight during the second quarter valued at about $68,207,000. Allianz Asset Management GmbH bought a new position in shares of FedEx Freight during the 2nd quarter valued at about $50,888,000. National Pension Service bought a new position in shares of FedEx Freight during the 2nd quarter valued at about $26,648,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of FedEx Freight during the 2nd quarter valued at about $19,666,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of FedEx Freight during the 2nd quarter valued at about $10,838,000.

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.