XPO (NYSE:XPO) PT Lowered to $119.00 at Wells Fargo & Company

XPO (NYSE:XPO) had its price objective decreased by Wells Fargo & Company from $125.00 to $119.00 in a report published on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

XPO has been the subject of a number of other research reports. Susquehanna lowered their price target on XPO from $160.00 to $145.00 and set a positive rating for the company in a research report on Wednesday, June 12th. Evercore ISI dropped their target price on XPO from $144.00 to $124.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Benchmark reiterated a buy rating and issued a $140.00 price target on shares of XPO in a report on Friday, August 2nd. Raymond James decreased their price objective on shares of XPO from $135.00 to $130.00 and set an outperform rating for the company in a research note on Monday, June 24th. Finally, Stephens reaffirmed an overweight rating and issued a $150.00 price objective on shares of XPO in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, XPO presently has an average rating of Moderate Buy and an average price target of $129.29.

XPO Stock Performance

XPO opened at $101.70 on Thursday. The firm’s 50-day moving average price is $112.60 and its 200-day moving average price is $114.21. The company has a market cap of $11.84 billion, a P/E ratio of 49.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO has a 52-week low of $65.80 and a 52-week high of $130.51.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in XPO during the fourth quarter worth $79,592,000. CenterBook Partners LP purchased a new stake in shares of XPO during the fourth quarter worth about $779,000. Dimensional Fund Advisors LP raised its position in shares of XPO by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock worth $128,603,000 after purchasing an additional 67,797 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in XPO by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 1,712 shares in the last quarter. Finally, Empirical Capital Management LLC purchased a new position in XPO in the 4th quarter valued at about $4,380,000. 97.73% of the stock is owned by institutional investors and hedge funds.

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.