XPO (NYSE:XPO) Downgraded by Susquehanna to Neutral

XPO (NYSE:XPO) was downgraded by equities researchers at Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat reports. They presently have a $155.00 price target on the transportation company’s stock, down from their previous price target of $160.00. Susquehanna’s price target would suggest a potential upside of 13.04% from the company’s current price.

XPO has been the topic of a number of other reports. Oppenheimer lifted their price target on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Evercore ISI lowered their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Citigroup boosted their price objective on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company lifted their target price on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Barclays increased their price target on XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.25.

XPO Trading Up 1.2 %

NYSE XPO opened at $137.12 on Tuesday. XPO has a one year low of $80.26 and a one year high of $161.00. 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 business has a 50 day simple moving average of $145.34 and a 200 day simple moving average of $123.50. The stock has a market capitalization of $15.96 billion, a P/E ratio of 44.38, a P/E/G ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last released 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. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the company earned $0.88 EPS. XPO’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts expect that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. D1 Capital Partners L.P. bought a new position in shares of XPO in the 2nd quarter worth $271,532,000. The Manufacturers Life Insurance Company increased its position in shares of XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares during the last quarter. Holocene Advisors LP lifted its position in XPO by 61.2% in the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after buying an additional 259,727 shares during the last quarter. Clearbridge Investments LLC grew its position in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after acquiring an additional 185,686 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.