FedEx Freight (NYSE:FDXF) Announces Earnings Results

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

FedEx Freight Stock Down 1.5%

Shares of NYSE:FDXF traded down $2.40 during mid-day trading on Thursday, reaching $158.05. The company had a trading volume of 1,209,106 shares, compared to its average volume of 2,435,775. FedEx Freight has a one year low of $141.33 and a one year high of $194.27.

Wall Street Analyst Weigh In

FDXF has been the subject of several recent analyst reports. Jefferies Financial Group assumed coverage on FedEx Freight in a report on Tuesday. They issued a “buy” rating and a $200.00 target price for the company. Zacks Research raised FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus started coverage on FedEx Freight in a research note on Thursday, June 4th. They issued a “hold” rating and a $160.00 price objective for the company. Raymond James Financial started coverage on FedEx Freight in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 target price for the company. Finally, Bank of America assumed coverage on FedEx Freight in a research note on Monday, June 1st. They set a “buy” rating and a $185.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.83.

FedEx Freight is the less-than-truckload (LTL) freight transportation unit of FedEx Corporation, providing time-definite shipping services for business and industrial customers in North America. The company specializes in moving palletized freight that is too large for parcel networks but does not require a full truckload, offering options such as priority and economy service levels to help customers balance speed and cost.

The business operates a network of service centers and terminals designed to consolidate, sort, and deliver freight efficiently across the United States, Canada, and Puerto Rico.