XPO (NYSE:XPO) Price Target Cut to $170.00 by Analysts at Wells Fargo & Company

XPO (NYSE:XPO) had its price objective cut by Wells Fargo & Company from $175.00 to $170.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other brokerages also recently commented on XPO. Oppenheimer raised their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Susquehanna cut shares of XPO from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $160.00 to $155.00 in a research note on Tuesday. TD Cowen increased their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays lifted their price objective on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.25.

XPO Price Performance

XPO opened at $137.12 on Tuesday. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.37 and a beta of 2.11. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a 50-day moving average price of $145.47 and a 200-day moving average price of $123.60. XPO has a twelve month low of $80.26 and a twelve month high of $161.00.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities analysts expect that XPO will post 3.62 EPS for the current year.

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Wealth Partners LLC acquired a new position in XPO in the 3rd quarter worth approximately $25,000. Quest Partners LLC acquired a new position in XPO in the 2nd quarter worth about $28,000. Versant Capital Management Inc purchased a new position in shares of XPO during the 4th quarter valued at approximately $29,000. UMB Bank n.a. lifted its holdings in XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in XPO in the 3rd quarter worth about $57,000. 97.73% of the stock is currently owned by institutional investors.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.