XPO (NYSE:XPO) Stock Rating Lowered by Stifel Nicolaus

XPO (NYSE:XPO) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Wednesday, Marketbeat reports. They currently have a $124.00 price target on the transportation company’s stock, down from their previous price target of $131.00. Stifel Nicolaus’ target price points to a potential downside of 10.39% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Oppenheimer lifted their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI dropped their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group raised their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. TD Cowen boosted their price target 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. Finally, Barclays raised their price objective on shares of XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

XPO Stock Up 1.5 %

Shares of NYSE XPO opened at $138.38 on Wednesday. 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 $16.11 billion, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 1.70 and a beta of 2.11. XPO has a 12-month low of $80.26 and a 12-month high of $161.00. The firm’s 50-day simple moving average is $144.98 and its 200 day simple moving average is $124.68.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 4.57% and a return on equity of 31.16%. XPO’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share. On average, research analysts expect that XPO will post 3.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Several large investors have recently modified their holdings of the business. Quest Partners LLC bought a new position in shares of XPO during the 2nd quarter valued at about $28,000. Envestnet Asset Management Inc. lifted its stake in 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 buying an additional 18,186 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of XPO by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after buying an additional 130,322 shares during the period. Renaissance Technologies LLC bought a new stake in shares of XPO during the second quarter worth $16,540,000. Finally, Perennial Investment Advisors LLC raised its holdings in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after acquiring an additional 103 shares during the period. 97.73% of the stock is currently owned by 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.