FedEx Freight Sees Unusually Large Options Volume (NYSE:FDXF)

FedEx Freight Hldg Co (NYSE:FDXF) saw unusually large options trading activity on Friday. Traders purchased 4,495 put options on the company. This is an increase of 938% compared to the average daily volume of 433 put options.

FedEx Freight Stock Performance

FedEx Freight stock opened at $150.34 on Friday. FedEx Freight has a 12 month low of $135.64 and a 12 month high of $194.27. The stock has a 50 day moving average of $153.77.

FedEx Freight (NYSE:FDXF) last posted its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share for the quarter. Sell-side analysts expect that FedEx Freight will post 5.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FDXF. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in FedEx Freight in the 2nd quarter worth about $19,666,000. Commerzbank Aktiengesellschaft FI purchased a new stake in FedEx Freight during the 2nd quarter worth approximately $984,000. Sumitomo Life Insurance Co. acquired a new position in shares of FedEx Freight during the second quarter valued at approximately $194,000. Kiltearn Partners LLP purchased a new position in shares of FedEx Freight in the second quarter valued at approximately $1,727,000. Finally, Ancora Advisors LLC purchased a new position in shares of FedEx Freight in the second quarter valued at approximately $8,279,000.

Analysts Set New Price Targets

FDXF has been the subject of several research reports. Wolfe Research started coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $180.00 price objective for the company. Bank of America initiated coverage on shares of FedEx Freight in a research note on Monday, June 1st. They issued a “buy” rating and a $185.00 price objective on the stock. Wall Street Zen upgraded shares of FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Citizens Jmp began coverage on shares of FedEx Freight in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price target on the stock. Finally, Evercore assumed coverage on FedEx Freight in a research report on Thursday, June 4th. They set an “outperform” rating and a $168.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.90.

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.