XPO (NYSE:XPO) Rating Lowered to “Neutral” at Susquehanna

XPO (NYSE:XPO) was downgraded by Susquehanna from a “positive” rating to a “neutral” rating in a report released on Tuesday,Briefing.com Automated Import reports. They currently have a $155.00 price target on the transportation company’s stock. Susquehanna’s price target points to a potential upside of 9.96% from the stock’s current price.

A number of other research firms have also recently commented on XPO. Wells Fargo & Company boosted their target price on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. TD Cowen increased their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Citigroup lifted their price target on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays boosted their price target on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

XPO Stock Performance

Shares of XPO stock opened at $140.96 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a 12-month low of $80.26 and a 12-month high of $161.00. The business’s 50 day moving average is $144.98 and its two-hundred day moving average is $123.20. The company has a market capitalization of $16.41 billion, a P/E ratio of 45.62, a P/E/G ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last announced 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 firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. Analysts expect that XPO will post 3.62 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oliver Luxxe Assets LLC grew its holdings in shares of XPO by 5.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 20,559 shares of the transportation company’s stock worth $2,696,000 after purchasing an additional 1,066 shares during the period. Everence Capital Management Inc. purchased a new position in XPO during the fourth quarter worth about $395,000. GAMMA Investing LLC raised its stake in shares of XPO by 20.2% in the 4th quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 191 shares during the period. Versant Capital Management Inc purchased a new position in shares of XPO during the 4th quarter worth approximately $29,000. Finally, JPMorgan Chase & Co. increased its holdings in XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.