FedEx Freight (NYSE:FDXF) Shares Down 7.1% – What’s Next?

Shares of FedEx Freight Hldg Co (NYSE:FDXF) traded down 7.1% during trading on Friday . The stock traded as low as $144.27 and last traded at $147.3360. Approximately 1,293,445 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 2,361,940 shares. The stock had previously closed at $158.53.

Analyst Ratings Changes

FDXF has been the topic of a number of recent research reports. Zacks Research raised FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded FedEx Freight to a “hold” rating in a report on Saturday, June 6th. Jefferies Financial Group began coverage on FedEx Freight in a research note on Tuesday. They set a “buy” rating and a $200.00 target price for the company. Bank of America initiated coverage on FedEx Freight in a research report on Monday, June 1st. They issued a “buy” rating and a $185.00 price target on the stock. Finally, Truist Financial initiated coverage on FedEx Freight in a research note on Tuesday, June 2nd. They issued a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.71.

FedEx Freight Stock Performance

FedEx Freight (NYSE:FDXF) last posted its quarterly earnings results on Thursday, June 25th. The company reported $999.00 earnings per share for the quarter.

About FedEx Freight

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.