Barclays Cuts XPO (NYSE:XPO) Price Target to $165.00

XPO (NYSE:XPO) had its price target lowered by Barclays from $170.00 to $165.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on XPO. Stephens reaffirmed an “overweight” rating and set a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup increased their price objective on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Susquehanna cut shares of XPO from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $155.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.71.

XPO Stock Performance

Shares of NYSE XPO opened at $137.82 on Friday. The firm’s 50-day moving average price is $144.69 and its 200-day moving average price is $124.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a market cap of $16.04 billion, a PE ratio of 44.60, a PEG ratio of 1.70 and a beta of 2.11. XPO has a 52-week low of $81.19 and a 52-week high of $161.00.

XPO (NYSE:XPO) last announced its quarterly 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. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. As a group, analysts anticipate that XPO will post 3.6 EPS for the current year.

Institutional Investors Weigh In On XPO

Institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its holdings in XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of XPO in the third quarter valued at $534,000. Traynor Capital Management Inc. grew its holdings in shares of XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after purchasing an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. grew its holdings in shares of XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after purchasing an additional 10,740 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of XPO by 36.2% in the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares in the last quarter. 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.