XPO (NYSE:XPO) Lowered to Neutral Rating by Susquehanna

XPO (NYSE:XPO) was downgraded by Susquehanna from a “positive” rating to a “neutral” rating in a report released on Tuesday,Briefing.com Automated Import reports. They presently have a $155.00 target price on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 9.96% from the stock’s current price.

Several other brokerages also recently issued reports on XPO. Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. TD Cowen raised their target price on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Citigroup boosted their price target on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company lifted their price objective on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Benchmark restated a “buy” rating and issued a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and an average target price of $147.00.

XPO Stock Up 1.8 %

Shares of XPO opened at $140.96 on Tuesday. The business’s 50 day simple moving average is $144.98 and its 200-day simple moving average is $123.20. XPO has a 1 year low of $80.26 and a 1 year high of $161.00. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last issued its quarterly earnings data 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. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, equities analysts expect that XPO will post 3.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc purchased a new position in shares of XPO during the 4th quarter valued at about $29,000. ORG Wealth Partners LLC acquired a new stake in XPO during the third quarter worth about $25,000. Quest Partners LLC purchased a new position in XPO during the second quarter valued at approximately $28,000. UMB Bank n.a. lifted its holdings in XPO by 356.6% in the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 353 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in XPO in the 3rd quarter worth approximately $57,000. 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.