Pacific Heights Asset Management LLC bought a new stake in FedEx Freight Hldg Co (NYSE:FDXF – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 42,500 shares of the company’s stock, valued at approximately $6,418,000.
A number of other large investors have also recently bought and sold shares of FDXF. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of FedEx Freight during the 2nd quarter worth approximately $19,666,000. Ancora Advisors LLC acquired a new stake in shares of FedEx Freight in the second quarter valued at approximately $8,279,000. Public Employees Retirement System of Ohio bought a new stake in shares of FedEx Freight in the second quarter worth $5,884,000. Kiltearn Partners LLP bought a new stake in shares of FedEx Freight in the second quarter worth $1,727,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in FedEx Freight during the second quarter worth $984,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Wall Street Zen raised 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 research report on Wednesday, July 15th. They set a “market outperform” rating and a $190.00 price target on the stock. Citigroup began coverage on FedEx Freight in a report on Wednesday, July 15th. They issued an “outperform” rating for the company. Weiss Ratings initiated coverage on FedEx Freight in a research report on Tuesday. They issued a “sell (d)” rating on the stock. Finally, Bank of America started coverage on FedEx Freight in a report on Monday, June 1st. They set a “buy” rating and a $185.00 target price on the stock. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx Freight currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.90.
FedEx Freight Stock Performance
Shares of FDXF opened at $132.98 on Friday. FedEx Freight Hldg Co has a 1-year low of $127.65 and a 1-year high of $194.27. The stock’s fifty day moving average price is $147.17.
FedEx Freight (NYSE:FDXF – Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. On average, analysts predict that FedEx Freight Hldg Co will post 5.48 earnings per share for the current year.
FedEx Freight 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.
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