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

FedEx Freight Hldg Co (NYSE:FDXF)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $139.18 and last traded at $139.4360, with a volume of 290597 shares. The stock had previously closed at $144.36.

Analyst Ratings Changes

Several equities analysts have recently commented on FDXF shares. Citigroup started coverage on FedEx Freight in a report on Wednesday, July 15th. They set an “outperform” rating for the company. Wolfe Research started coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an “outperform” rating and a $180.00 price target for the company. Raymond James Financial assumed coverage on FedEx Freight in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 target price 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 target on the stock. Finally, Citizens Jmp initiated coverage on shares of FedEx Freight in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.90.

FedEx Freight Price Performance

The business has a fifty day moving average of $157.22.

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