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

Shares of FedEx Freight Hldg Co (NYSE:FDXF) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $178.25.

FDXF has been the topic of a number of analyst reports. Wolfe Research assumed coverage on shares of FedEx Freight in a research note on Thursday. They issued an “outperform” rating and a $180.00 target price on the stock. Zacks Research raised FedEx Freight to a “hold” rating in a report on Tuesday. Evercore started coverage on FedEx Freight in a report on Thursday. They issued an “outperform” rating and a $168.00 target price for the company. Raymond James Financial started coverage on FedEx Freight in a research note on Wednesday. They issued an “outperform” rating and a $180.00 price target on the stock. Finally, Bank of America started coverage on FedEx Freight in a research note on Monday. They set a “buy” rating and a $185.00 price objective for the company.

FedEx Freight Trading Up 4.0%

FDXF traded up $6.13 during trading on Thursday, reaching $158.13. 214,020 shares of the company’s stock were exchanged, compared to its average volume of 3,046,745. FedEx Freight has a fifty-two week low of $141.33 and a fifty-two week high of $166.90.

FedEx Freight News Summary

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

• Positive Sentiment: Bank of America initiated coverage on FedEx Freight with a Buy rating and a $185 price target, citing margin expansion potential for the newly independent LTL carrier.
• Positive Sentiment: Market commentary has been constructive on the spin-off, with analysts and media noting that FedEx Freight could be a “true winner” as an independent business with greater strategic focus. Why Jim Cramer says newly public FedEx Freight stock could be a ‘true winner’
• Positive Sentiment: FedEx Freight officially began trading independently after the spin-off from FedEx, a move that some coverage says could unlock value and improve returns for the business and its parent company. FedEx completes freight spin-off as independent LTL carrier
• Positive Sentiment: Zacks Research upgraded FedEx Freight to Hold, adding another mildly supportive signal following the debut as a standalone company.
• Neutral Sentiment: Several articles highlighted operational and leadership background at the company, including its CTO’s work building the IT team and the CEO’s plan for leading the “$9B startup,” but these are more informational than immediate stock catalysts.
• Negative Sentiment: Some coverage flagged execution risk for the newly independent company, noting it must prove it can compete on its own and faces competitive pressure, including a potential threat from Amazon’s logistics network.

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing regional and national shipping services for businesses across the United States, Canada, and Mexico. The company specializes in handling palletized and bulky shipments that are too large for parcel carriers but do not require full truckload service.

Its services include standard and priority freight shipping, time-definite delivery options, and related logistics support designed to help customers move goods efficiently across short- and long-haul routes.