XPO (NYSE:XPO) Price Target Cut to $165.00 by Analysts at Barclays

XPO (NYSE:XPO) had its price target lowered by Barclays from $170.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective indicates a potential upside of 18.70% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup increased their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group upped their target price on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Evercore ISI cut their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Susquehanna cut shares of XPO from a “positive” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $155.00 in a research note on Tuesday, January 7th. Finally, Oppenheimer boosted their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.71.

XPO Price Performance

NYSE:XPO traded up $0.48 during trading hours on Friday, reaching $139.01. The stock had a trading volume of 152,309 shares, compared to its average volume of 1,439,396. XPO has a 52 week low of $81.19 and a 52 week high of $161.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $144.98 and a two-hundred day moving average price of $124.68. The stock has a market capitalization of $16.18 billion, a PE ratio of 45.00, a PEG ratio of 1.70 and a beta of 2.11.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping 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 net margin of 4.57% and a return on equity of 31.16%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. As a group, sell-side analysts anticipate that XPO will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of XPO

Large investors have recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of XPO in the second quarter valued at approximately $28,000. Envestnet Asset Management Inc. grew its position in shares of XPO by 32.3% in the second quarter. Envestnet Asset Management Inc. now owns 74,489 shares of the transportation company’s stock valued at $7,907,000 after purchasing an additional 18,186 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after purchasing an additional 130,322 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of XPO during the second quarter worth $16,540,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in XPO by 43.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,197 shares of the transportation company’s stock valued at $658,000 after purchasing an additional 1,877 shares during the period. 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.