XPO (NYSE:XPO) Price Target Cut to $142.00

XPO (NYSE:XPO) had its target price lowered by equities researchers at TD Cowen from $143.00 to $142.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price would indicate a potential upside of 39.63% from the stock’s previous close.

Several other research firms have also weighed in on XPO. Wells Fargo & Company lowered their price target on XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday. Raymond James lowered their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Evercore ISI cut their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Bank of America lowered their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Benchmark reiterated a “buy” rating and set a $140.00 price target on shares of XPO in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $129.29.

XPO Stock Down 1.0 %

XPO stock opened at $101.70 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO has a 1-year low of $65.80 and a 1-year high of $130.51. The company has a fifty day simple moving average of $112.60 and a 200 day simple moving average of $114.24. The company has a market cap of $11.83 billion, a P/E ratio of 49.85, a price-to-earnings-growth ratio of 1.78 and a beta of 2.11.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. Research analysts anticipate that XPO will post 3.61 earnings per share for the current fiscal year.

Institutional Trading of XPO

Several institutional investors have recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC lifted its holdings in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after buying an additional 103 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in XPO by 9.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares in the last quarter. Resources Management Corp CT ADV raised its stake in XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after purchasing an additional 145 shares in the last quarter. Mystic Asset Management Inc. grew its position in shares of XPO by 1.7% during the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock worth $1,068,000 after purchasing an additional 150 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after purchasing an additional 154 shares in the last quarter. 97.73% of the stock is currently owned by 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.