Barclays Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target cut by research analysts at Barclays from $165.00 to $150.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential upside of 42.93% from the company’s current price.

A number of other research firms also recently issued reports on XPO. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and raised their price target for the stock from $155.00 to $180.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on XPO in a report on Friday. They issued a “buy” rating and a $156.00 target price on the stock. The Goldman Sachs Group boosted their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Raymond James lowered their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Eighteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has an average rating of “Buy” and an average target price of $160.06.

XPO Stock Down 3.1 %

XPO stock traded down $3.40 during midday trading on Monday, hitting $104.95. The company’s stock had a trading volume of 445,054 shares, compared to its average volume of 1,551,226. The firm’s 50-day moving average is $133.88 and its 200-day moving average is $130.30. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a 12 month low of $97.03 and a 12 month high of $161.00. The company has a market cap of $12.30 billion, a PE ratio of 32.49, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities research analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital Research Global Investors grew its holdings in XPO by 18.5% during the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after buying an additional 2,125,686 shares in the last quarter. Vanguard Group Inc. grew its stake in XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock valued at $1,447,231,000 after acquiring an additional 79,393 shares in the last quarter. Capital World Investors increased its holdings in XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares during the last quarter. D1 Capital Partners L.P. increased its holdings in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. Finally, State Street Corp lifted its stake in XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after purchasing an additional 37,486 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other 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.