Evercore ISI Lowers XPO (NYSE:XPO) Price Target to $124.00

XPO (NYSE:XPO) had its price target reduced by analysts at Evercore ISI from $144.00 to $124.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective would suggest a potential upside of 18.06% from the stock’s current price.

XPO has been the topic of several other reports. Wells Fargo & Company initiated coverage on shares of XPO in a research note on Friday, June 7th. They issued an “overweight” rating and a $125.00 target price on the stock. Raymond James reduced their target price on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday. Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of XPO in a report on Friday, June 7th. Bank of America boosted their price objective on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, TD Cowen raised their target price on shares of XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, XPO has an average rating of “Moderate Buy” and an average target price of $120.70.

XPO Stock Up 0.2 %

XPO opened at $105.03 on Tuesday. XPO has a 12 month low of $53.03 and a 12 month high of $130.51. The company has a market cap of $12.22 billion, a PE ratio of 51.50, a price-to-earnings-growth ratio of 1.49 and a beta of 2.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. The company has a 50 day moving average of $109.25 and a 200 day moving average of $107.14.

XPO (NYSE:XPO) last announced its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts expect that XPO will post 3.62 EPS for the current year.

Insider Activity at XPO

In related news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the completion of the sale, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the completion of the sale, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the transaction, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Institutional Trading of XPO

A number of hedge funds and other institutional investors have recently modified their holdings of XPO. Mather Group LLC. bought a new stake in XPO in the first quarter worth $27,000. Benjamin F. Edwards & Company Inc. boosted its stake in XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Riverview Trust Co bought a new position in XPO in the 1st quarter worth about $31,000. ORG Partners LLC purchased a new stake in XPO during the 1st quarter valued at about $36,000. Finally, Rise Advisors LLC bought a new stake in XPO during the 1st quarter valued at about $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.