FedEx Freight (NYSE:FDXF) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

FedEx Freight Hldg Co (NYSE:FDXF) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $118.84 and traded as high as $128.00. FedEx Freight shares last traded at $126.41, with a volume of 3,597,044 shares traded.

More FedEx Freight News

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

• Positive Sentiment: Earnings beat expectations: FedEx Freight reported $1.49 in earnings per share versus the $1.38 analyst consensus, with revenue of $2.46 billion. Higher freight yields and fuel surcharges supported revenue, while management raised its transition-period outlook. FDXF Four-Month Transition Period Earnings Beat Estimates on Higher Yields
• Positive Sentiment: Better near-term outlook: The company forecast fourth-quarter adjusted EPS of $0.65-$0.75 and revenue of $2.30-$2.37 billion, with improving volumes, pricing, and expected margin improvement supporting the forecast. FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing
• Positive Sentiment: Pricing power remains a key strength: Management highlighted some of its strongest renewal pricing in years, helping offset softer demand and reinforcing expectations for earnings growth during the transition period. FedEx Freight Soars on Raised Outlook
• Positive Sentiment: Analyst support: Analysts cited the quarterly beat and growth targets as reasons for the favorable reaction, helping reinforce investor confidence in the newly spun-off freight carrier. FedEx Freight shares surge as analysts back growth targets
• Neutral Sentiment: Strategic expansion: After initial consolidation following the spinoff, FedEx Freight is evaluating additional opportunities to expand its less-than-truckload network and customer base. FedEx Freight goes hunting after initial consolidation
• Negative Sentiment: Demand remains mixed: Third-quarter shipments dipped slightly, and management expects peak-season volume to be tepid, meaning pricing—not strong volume growth—is currently doing much of the earnings-supporting work. FedEx Freight Q3 shipments dip slightly following spinoff
• Negative Sentiment: Price target reduced: Jefferies lowered its FedEx Freight price target to $180 from $200, signaling more cautious valuation expectations despite the earnings beat. Jefferies Adjusts Price Target on FedEx Freight

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FDXF shares. Bank of America lowered their target price on shares of FedEx Freight from $157.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Stifel Nicolaus cut their price target on FedEx Freight from $160.00 to $129.00 and set a “hold” rating for the company in a research note on Thursday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price target on shares of FedEx Freight in a research note on Thursday, October 15th. Truist Financial decreased their price target on FedEx Freight from $155.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. Finally, Stephens initiated coverage on FedEx Freight in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.00.

FedEx Freight Stock Up 15.2%

The business’s 50 day moving average is $118.84.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $2.46 billion during the quarter. On average, equities analysts anticipate that FedEx Freight Hldg Co will post 4.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Birch Capital Management LLC bought a new stake in FedEx Freight during the second quarter worth approximately $1,439,000. Maple Rock Capital Partners Inc. purchased a new stake in FedEx Freight during the second quarter valued at approximately $68,207,000. Engineers Gate Manager LP bought a new stake in shares of FedEx Freight in the 2nd quarter valued at approximately $2,244,000. State Street Corp bought a new stake in shares of FedEx Freight in the 2nd quarter valued at approximately $723,747,000. Finally, Kiltearn Partners LLP bought a new stake in shares of FedEx Freight in the 2nd quarter valued at approximately $1,727,000.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) freight transportation company that provides pickup, consolidation, transportation and delivery services for shipments that do not require a full truck. Its customers include businesses across manufacturing, retail, wholesale, healthcare, technology and other industries.

The company offers a range of LTL solutions, including time-definite and day-definite services, standard and economy freight transportation, expedited shipping, volume and multiweight services, and specialized delivery options.