XPO (NYSE:XPO) Price Target Lowered to $170.00 at Wells Fargo & Company

XPO (NYSE:XPO) had its target price reduced by Wells Fargo & Company from $175.00 to $170.00 in a research report report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

A number of other research analysts have also recently weighed in on XPO. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Stephens restated an “overweight” rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. TD Cowen increased their price objective on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Evercore ISI lowered their target price on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group upped their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.25.

XPO Stock Down 4.2 %

NYSE:XPO opened at $135.26 on Tuesday. XPO has a 52 week low of $80.26 and a 52 week high of $161.00. 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 stock’s fifty day moving average is $145.28 and its two-hundred day moving average is $123.41. The stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of 43.77, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Research analysts anticipate that XPO will post 3.62 EPS for the current year.

Institutional Trading of XPO

Several institutional investors have recently modified their holdings of XPO. Perennial Investment Advisors LLC grew its position in shares of XPO by 5.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after buying an additional 103 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of XPO by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock worth $245,000 after purchasing an additional 107 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of XPO by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after purchasing an additional 116 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of XPO by 6.4% in the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 142 shares during the last quarter. Finally, Resources Management Corp CT ADV boosted its position in shares of XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after purchasing an additional 145 shares during the period. 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.