XPO (NYSE:XPO) PT Lowered to $130.00 at Raymond James

XPO (NYSE:XPO) had its price target reduced by Raymond James from $135.00 to $130.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus raised shares of XPO from a hold rating to a buy rating and lifted their price objective for the stock from $115.00 to $120.00 in a research note on Friday, May 24th. TD Cowen increased their price target on XPO from $136.00 to $138.00 and gave the stock a buy rating in a report on Monday, May 6th. Stephens reiterated an overweight rating and set a $150.00 price objective on shares of XPO in a report on Friday, June 7th. Susquehanna lowered their target price on XPO from $160.00 to $145.00 and set a positive rating for the company in a research note on Wednesday, June 12th. Finally, Bank of America lifted their price target on shares of XPO from $137.00 to $139.00 and gave the company a buy rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $120.70.

XPO Trading Up 0.2 %

Shares of NYSE XPO opened at $105.03 on Monday. XPO has a fifty-two week low of $53.03 and a fifty-two week high of $130.51. The firm has a market capitalization of $12.22 billion, a P/E ratio of 51.49, a P/E/G ratio of 1.49 and a beta of 2.09. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day simple moving average is $109.25 and its 200 day simple moving average is $107.14.

XPO (NYSE:XPO) last posted its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.56 EPS. On average, analysts predict that XPO will post 3.62 EPS for the current year.

Insider Buying and Selling

In other news, Director Allison Landry sold 1,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the sale, the director now directly owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Allison Landry sold 1,875 shares of XPO stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the sale, the director now directly owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On XPO

Hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors increased its stake in shares of XPO by 49.9% during the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after purchasing an additional 3,094,390 shares during the period. Norges Bank acquired a new stake in shares of XPO during the fourth quarter worth $79,592,000. Eminence Capital LP boosted its position in shares of XPO by 137.4% in the third quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock valued at $88,943,000 after acquiring an additional 689,457 shares during the period. Clearbridge Investments LLC grew its stake in shares of XPO by 33.4% in the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after acquiring an additional 560,079 shares in the last quarter. Finally, Capital World Investors increased its position in XPO by 13.1% during the fourth quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after acquiring an additional 503,388 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.