XPO (NYSE:XPO) Price Target Cut to $125.00

XPO (NYSE:XPO) had its target price cut by Evercore ISI from $129.00 to $125.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price points to a potential upside of 17.64% from the company’s previous close.

Several other research firms also recently weighed in on XPO. TD Cowen dropped their target price on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Bank of America decreased their price objective on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Susquehanna boosted their target price on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company decreased their target price on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Two investment 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 company. According to MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average target price of $130.24.

XPO Stock Up 0.3 %

Shares of XPO opened at $106.26 on Thursday. XPO has a 52-week low of $65.80 and a 52-week high of $130.51. The company has a market capitalization of $12.36 billion, a PE ratio of 52.09, a price-to-earnings-growth ratio of 1.80 and a beta of 2.10. The stock has a fifty day simple moving average of $112.60 and a two-hundred day simple moving average of $112.45. 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 (NYSE:XPO) last issued its 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 return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities analysts forecast that XPO will post 3.59 EPS for the current year.

Hedge Funds Weigh In On XPO

Several large investors have recently added to or reduced their stakes in XPO. Corient Private Wealth LLC lifted its position in XPO by 9.3% during the fourth quarter. Corient Private Wealth LLC now owns 7,495 shares of the transportation company’s stock worth $656,000 after buying an additional 636 shares during the period. KBC Group NV purchased a new position in XPO during the fourth quarter worth about $195,000. Belpointe Asset Management LLC lifted its position in XPO by 10.5% during the fourth quarter. Belpointe Asset Management LLC now owns 3,275 shares of the transportation company’s stock worth $287,000 after buying an additional 311 shares during the period. Capital World Investors lifted its position in XPO by 13.1% during the fourth quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after buying an additional 503,388 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in XPO by 564.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 24,231 shares of the transportation company’s stock worth $2,122,000 after buying an additional 20,584 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.