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

XPO (NYSE:XPO) had its price objective reduced by investment analysts at Wells Fargo & Company from $175.00 to $170.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 23.98% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Susquehanna downgraded XPO from a “positive” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $155.00 in a research note on Tuesday. Citigroup boosted 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. 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 report on Wednesday, November 13th. 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 report on Thursday, December 12th. Finally, Benchmark restated a “buy” rating and set a $140.00 price target on shares of XPO in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

XPO Trading Up 1.2 %

NYSE:XPO opened at $137.12 on Tuesday. The stock has a market cap of $15.96 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. XPO has a fifty-two week low of $80.26 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $145.34 and its two-hundred day moving average is $123.50.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm 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%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, equities research analysts forecast that XPO will post 3.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Large investors have recently made changes to their positions in the business. Stifel Financial Corp grew its position in XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in XPO during the third quarter worth about $534,000. Traynor Capital Management Inc. increased its stake in XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after acquiring an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. raised its holdings in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after acquiring an additional 185,686 shares during the period. Institutional investors and hedge funds 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.