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

FedEx Freight Hldg Co (NYSE:FDXF)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $126.75 and last traded at $127.9850, with a volume of 356761 shares traded. The stock had previously closed at $133.74.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of FedEx Freight in a report on Thursday, June 4th. They issued a “hold” rating and a $160.00 price target on the stock. Truist Financial began coverage on FedEx Freight in a research report on Tuesday, June 2nd. They issued a “hold” rating on the stock. Stephens assumed coverage on shares of FedEx Freight in a report on Wednesday, July 8th. They issued an “overweight” rating and a $180.00 target price on the stock. Citizens Jmp assumed 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 on the stock. Finally, The Goldman Sachs Group started coverage on FedEx Freight in a report on Wednesday, July 1st. They set a “buy” rating and a $186.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, FedEx Freight has a consensus rating of “Moderate Buy” and a consensus price target of $177.90.

FedEx Freight Stock Down 1.0%

The firm has a 50 day moving average price of $144.54.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. On average, research analysts forecast that FedEx Freight Hldg Co will post 5.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FedEx Freight

A number of large investors have recently added to or reduced their stakes in FDXF. CYBER HORNET ETFs LLC acquired a new position in FedEx Freight in the 2nd quarter worth $44,000. United Community Bank purchased a new position in FedEx Freight in the 2nd quarter valued at about $46,000. Syntax Research Inc. acquired a new stake in shares of FedEx Freight during the second quarter valued at about $64,000. First Bancorp Inc ME acquired a new stake in shares of FedEx Freight during the second quarter valued at about $80,000. Finally, Investors Research Corp purchased a new stake in shares of FedEx Freight during the second quarter worth about $80,000.

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.