XPO (NYSE:XPO) Given New $125.00 Price Target at Evercore ISI

XPO (NYSE:XPO) had its price objective decreased by equities researchers at Evercore ISI from $129.00 to $125.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective points to a potential upside of 18.47% from the stock’s previous close.

XPO has been the subject of several other research reports. Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Stifel Nicolaus lifted their price objective on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. TD Cowen lowered their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company lowered their price objective on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average price target of $130.24.

XPO Trading Down 1.8 %

Shares of NYSE XPO traded down $1.94 during midday trading on Thursday, reaching $105.51. The stock had a trading volume of 115,626 shares, compared to its average volume of 1,465,209. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 51.72, a price-to-earnings-growth ratio of 1.80 and a beta of 2.11. XPO has a twelve month low of $65.80 and a twelve month high of $130.51. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day moving average price is $112.85 and its 200 day moving average price is $112.61.

XPO (NYSE:XPO) last issued its quarterly 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. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. As a group, sell-side analysts expect that XPO will post 3.59 EPS for the current year.

Institutional Investors Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in XPO. Mather Group LLC. purchased a new stake in XPO during the first quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC bought a new stake in shares of XPO during the second quarter valued at about $28,000. Riverview Trust Co bought a new stake in shares of XPO during the first quarter valued at about $31,000. Finally, ORG Partners LLC bought a new stake in shares of XPO during the first quarter valued at about $36,000. 97.73% of the stock is 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.