Nykredit A S Invests $2.85 Million in FedEx Freight Hldg Co $FDXF

Nykredit A S purchased a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,901 shares of the company’s stock, valued at approximately $2,854,000.

A number of other institutional investors and hedge funds have also modified their holdings of FDXF. First Bancorp Inc ME acquired a new position in FedEx Freight in the second quarter valued at approximately $80,000. Investors Research Corp acquired a new stake in FedEx Freight during the 2nd quarter worth $80,000. Sumitomo Life Insurance Co. acquired a new stake in FedEx Freight during the 2nd quarter worth $194,000. Legacy Financial Advisors Inc. bought a new stake in shares of FedEx Freight during the 2nd quarter valued at $213,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of FedEx Freight during the 2nd quarter valued at $258,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Citizens Jmp initiated coverage on FedEx Freight in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price objective for the company. Citigroup initiated coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. Evercore assumed coverage on FedEx Freight in a report on Thursday, June 4th. They set an “outperform” rating and a $168.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on FedEx Freight in a research report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx Freight currently has an average rating of “Moderate Buy” and an average target price of $177.90.

FedEx Freight Trading Down 0.2%

Shares of NYSE FDXF opened at $129.13 on Monday. The stock’s fifty day moving average price is $143.44. FedEx Freight Hldg Co has a twelve month low of $123.24 and a twelve month high of $194.27.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.00 EPS for the quarter. As a group, equities analysts anticipate that FedEx Freight Hldg Co will post 5.48 earnings per share for the current fiscal year.

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.