XPO (NYSE:XPO) Downgraded by Stifel Nicolaus to “Hold”

Stifel Nicolaus lowered shares of XPO (NYSE:XPO) from a buy rating to a hold rating in a report released on Wednesday, Marketbeat reports. The firm currently has $124.00 price target on the transportation company’s stock, down from their previous price target of $131.00.

XPO has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Evercore ISI decreased their target price 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 price target on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price objective on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Citigroup lifted their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.71.

XPO Stock Down 0.5 %

XPO stock opened at $137.82 on Wednesday. The company has a market capitalization of $16.04 billion, a P/E ratio of 44.60, a PEG ratio of 1.70 and a beta of 2.11. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO has a fifty-two week low of $81.19 and a fifty-two week high of $161.00. The stock has a 50-day simple moving average of $144.69 and a 200-day simple moving average of $124.90.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Equities research analysts expect that XPO will post 3.6 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently modified their holdings of XPO. D1 Capital Partners L.P. bought a new stake in XPO during the second quarter valued at $271,532,000. The Manufacturers Life Insurance Company grew its position in shares of XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after buying an additional 390,320 shares during the last quarter. Holocene Advisors LP raised its stake in XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after acquiring an additional 259,727 shares during the period. Clearbridge Investments LLC lifted its holdings in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 185,686 shares during the period. 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.