XPO (NYSE:XPO) Price Target Cut to $165.00 by Analysts at Raymond James

XPO (NYSE:XPO) had its target price reduced by analysts at Raymond James from $170.00 to $165.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target would suggest a potential upside of 12.37% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Barclays dropped their price objective on shares of XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and upped their target price for the company from $155.00 to $180.00 in a research note on Friday. UBS Group lifted their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday. Finally, Stephens restated an “overweight” rating and set a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $155.44.

XPO Stock Performance

XPO stock traded down $0.07 during midday trading on Friday, hitting $146.84. 461,815 shares of the stock traded hands, compared to its average volume of 1,514,870. The firm has a market cap of $17.09 billion, a P/E ratio of 47.42, a PEG ratio of 1.75 and a beta of 2.12. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day simple moving average is $141.29 and its 200-day simple moving average is $127.70. XPO has a 1-year low of $97.03 and a 1-year high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.57% and a return on equity of 31.16%. On average, analysts expect that XPO will post 3.58 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Hedge funds have recently modified their holdings of the business. D1 Capital Partners L.P. raised its stake in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after purchasing an additional 2,153,042 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in XPO during the fourth quarter worth $163,938,000. Life Planning Partners Inc raised its stake in XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after acquiring an additional 830,963 shares in the last quarter. Raymond James Financial Inc. acquired a new position in XPO during the fourth quarter worth $91,158,000. Finally, The Manufacturers Life Insurance Company raised its stake in XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after acquiring an additional 390,320 shares in the last quarter. 97.73% of the stock is 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.