FedEx Freight (NYSE:FDXF) Sets New 12-Month Low – Should You Sell?

by · The Markets Daily

FedEx Freight Hldg Co (NYSE:FDXF – Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $122.90 and last traded at $123.5130, with a volume of 49499 shares trading hands. The stock had previously closed at $124.79.

Wall Street Analyst Weigh In

FDXF has been the subject of a number of research reports. Evercore began coverage on shares of FedEx Freight in a report on Thursday, June 4th. They issued an “outperform” rating and a $168.00 target price for the company. Citizens Jmp assumed coverage on FedEx Freight in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 price objective for the company. Stephens assumed coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 price objective on the stock. JPMorgan Chase & Co. began coverage on FedEx Freight in a research report on Tuesday. They set an “overweight” rating and a $160.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $180.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.67.

Check Out Our Latest Stock Analysis on FedEx Freight

FedEx Freight Stock Up 0.1%

The stock has a 50-day simple moving average of $141.98.

FedEx Freight (NYSE:FDXF – Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. On average, analysts anticipate that FedEx Freight Hldg Co will post 5.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Birch Capital Management LLC acquired a new position in FedEx Freight during the second quarter worth approximately $1,439,000. Maple Rock Capital Partners Inc. purchased a new position in FedEx Freight in the second quarter valued at about $68,207,000. Kiltearn Partners LLP acquired a new position in FedEx Freight during the 2nd quarter worth approximately $1,727,000. Twin Lakes Capital Management LLC acquired a new position in shares of FedEx Freight during the second quarter worth $1,269,000. Finally, F&V Capital Management LLC purchased a new stake in FedEx Freight during the 2nd quarter worth $4,785,000.

About FedEx Freight

(Get Free Report)

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.

Featured Stories