FedEx Freight (NYSE:FDXF) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of FedEx Freight (NYSE:FDXF) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group initiated coverage on shares of FedEx Freight in a research note on Tuesday, June 23rd. They set a “buy” rating and a $200.00 target price on the stock. Truist Financial started coverage on shares of FedEx Freight in a report on Tuesday, June 2nd. They set a “hold” rating for the company. Wall Street Zen raised FedEx Freight to a “hold” rating in a report on Saturday, June 6th. Raymond James Financial started coverage on FedEx Freight in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on FedEx Freight in a report on Thursday, June 4th. They set a “hold” rating and a $160.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, FedEx Freight presently has an average rating of “Moderate Buy” and an average target price of $176.12.

FedEx Freight Stock Performance

NYSE:FDXF opened at $150.76 on Wednesday. FedEx Freight has a 1-year low of $141.33 and a 1-year high of $194.27.

FedEx Freight (NYSE:FDXF) last announced its quarterly earnings results on Thursday, June 25th. The company reported $999.00 earnings per share (EPS) for the quarter.

FedEx Freight News Roundup

Here are the key news stories impacting FedEx Freight this week:

• Positive Sentiment: The $1.4 billion sale of FedEx Supply Chain could strengthen FedEx’s balance sheet and give management more flexibility to focus on core transportation operations. French shipping company CMA CGM Group to buy FedEx’ logistics arm for $1.4B
• Neutral Sentiment: Analysts are weighing the implications of the transaction and broader industrials trends, with market attention centered on how the asset sale affects FedEx’s long-term strategy. Analysts Offer Insights on Industrial Goods Companies: AeroVironment (AVAV) and FedEx Freight Holding Company (FDXF)
• Negative Sentiment: Investors may be concerned that FedEx is selling a logistics unit that could have contributed to future earnings growth, adding to uncertainty around the company’s post-sale revenue profile. FedEx Supply Chain to be acquired by global transport and logistics firm

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.