FedEx Freight Hldg Co (NYSE:FDXF) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

A number of brokerages have commented on FDXF. Bank of America initiated coverage on shares of FedEx Freight in a report on Monday. They set a “buy” rating and a $185.00 price objective on the stock. Zacks Research upgraded shares of FedEx Freight to a “hold” rating in a research report on Tuesday. Truist Financial began coverage on shares of FedEx Freight in a research note on Tuesday. They set a “hold” rating on the stock. Wolfe Research started coverage on shares of FedEx Freight in a research report on Thursday. They issued an “outperform” rating and a $180.00 price objective for the company. Finally, Evercore initiated coverage on FedEx Freight in a report on Thursday. They set an “outperform” rating and a $168.00 price objective on the stock.

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 Stock Performance

Shares of NYSE:FDXF traded up $6.13 during midday trading on Thursday, reaching $158.13. The company’s stock had a trading volume of 214,020 shares, 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 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.