FedEx Freight (NYSE:FDXF) Now Covered by Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of FedEx Freight (NYSE:FDXF) in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm issued a market outperform rating and a $190.00 price target on the stock.

Other analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price objective on FedEx Freight from $140.00 to $150.00 and gave the company a “market perform” rating in a research report on Friday, June 26th. Raymond James Financial assumed coverage on FedEx Freight in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 price target for the company. Stifel Nicolaus initiated coverage on FedEx Freight in a research note on Thursday, June 4th. They set a “hold” rating and a $160.00 price target for the company. Jefferies Financial Group initiated coverage on FedEx Freight in a report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 price target for the company. Finally, Zacks Research raised FedEx Freight to a “hold” rating in a research note on Tuesday, June 2nd. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.90.

FedEx Freight Price Performance

Shares of NYSE:FDXF opened at $142.39 on Wednesday. FedEx Freight has a 12-month low of $139.57 and a 12-month high of $194.27.

FedEx Freight (NYSE:FDXF) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter.

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.