XPO (NYSE:XPO) Given New $125.00 Price Target at Evercore ISI

XPO (NYSE:XPO) had its price target cut by Evercore ISI from $129.00 to $125.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other research firms have also recently weighed in on XPO. Benchmark reaffirmed a buy rating and set a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Raymond James cut their price objective on shares of XPO from $135.00 to $130.00 and set an outperform rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. dropped their target price on shares of XPO from $147.00 to $143.00 and set an overweight rating for the company in a report on Friday, September 6th. Bank of America dropped their target price on shares of XPO from $135.00 to $134.00 and set a buy rating for the company in a report on Monday, July 22nd. Finally, Susquehanna increased their target price on shares of XPO from $145.00 to $160.00 and gave the stock a positive rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $130.24.

XPO Trading Up 0.3 %

XPO opened at $106.26 on Thursday. XPO has a twelve month low of $65.80 and a twelve month high of $130.51. The company has a 50-day simple moving average of $112.60 and a 200 day simple moving average of $112.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 52.09, a P/E/G ratio of 1.73 and a beta of 2.10.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. XPO’s revenue was up 8.5% compared to the same quarter last year. Analysts predict that XPO will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XPO. Handelsbanken Fonder AB increased its position in XPO by 21.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 30,300 shares of the transportation company’s stock valued at $3,258,000 after purchasing an additional 5,300 shares during the period. Clearbridge Investments LLC increased its position in XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after purchasing an additional 253,519 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in XPO by 151.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,748 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 1,052 shares during the period. NewEdge Advisors LLC increased its position in XPO by 8.4% during the 2nd quarter. NewEdge Advisors LLC now owns 9,642 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 749 shares during the period. Finally, Algert Global LLC increased its position in XPO by 46.2% during the 2nd quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock valued at $5,308,000 after purchasing an additional 15,795 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

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.