FedEx Freight (NYSE:FDXF) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of FedEx Freight (NYSE:FDXF) in a report issued on Wednesday, MarketBeat reports. The brokerage issued a market outperform rating and a $190.00 price target on the stock.

A number of other analysts have also issued reports on the company. Bank of America assumed coverage on FedEx Freight in a report on Monday, June 1st. They issued a “buy” rating and a $185.00 price target for the company. Evercore assumed coverage on FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $168.00 price objective on the stock. Raymond James Financial began 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. Citigroup initiated coverage on FedEx Freight in a report on Wednesday. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus started coverage on FedEx Freight in a research report on Thursday, June 4th. They set a “hold” rating and a $160.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, FedEx Freight currently has a consensus rating of “Moderate Buy” and an average price target of $177.90.

FedEx Freight Stock Performance

FedEx Freight stock opened at $152.34 on Wednesday. FedEx Freight has a 1 year low of $139.57 and a 1 year high of $194.27.

FedEx Freight (NYSE:FDXF) last issued its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter.

FedEx Freight Company Profile

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.