Susquehanna Downgrades XPO (NYSE:XPO) to Neutral

Susquehanna lowered shares of XPO (NYSE:XPO) from a positive rating to a neutral rating in a report issued on Tuesday morning, MarketBeat reports. Susquehanna currently has $155.00 target price on the transportation company’s stock, down from their previous target price of $160.00.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. raised their price target on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. TD Cowen lifted their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Evercore ISI lowered their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Stephens restated an “overweight” rating and set a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.25.

XPO Stock Up 1.2 %

XPO stock opened at $137.12 on Tuesday. XPO has a fifty-two week low of $80.26 and a fifty-two week high of $161.00. The firm has a market capitalization of $15.96 billion, a PE ratio of 44.38, a P/E/G ratio of 2.37 and a beta of 2.11. The company’s 50-day moving average is $145.47 and its 200-day moving average is $123.60. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in XPO during the third quarter worth about $25,000. Quest Partners LLC bought a new stake in shares of XPO during the 2nd quarter worth approximately $28,000. Versant Capital Management Inc acquired a new stake in shares of XPO during the 4th quarter worth approximately $29,000. UMB Bank n.a. increased its stake in XPO by 356.6% in the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in XPO during the third quarter valued at approximately $57,000. Institutional investors own 97.73% of the company’s stock.

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.