XPO (NYSE:XPO) PT Lowered to $136.00

XPO (NYSE:XPO) had its price target lowered by equities research analysts at The Goldman Sachs Group from $139.00 to $136.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 22.17% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Oppenheimer restated an “outperform” rating and set a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Wells Fargo & Company reduced their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Evercore ISI decreased their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Susquehanna increased their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Finally, TD Cowen decreased their target price on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.35.

XPO Price Performance

Shares of XPO stock opened at $111.32 on Wednesday. The firm has a fifty day moving average of $112.28 and a two-hundred day moving average of $112.02. The firm has a market cap of $12.96 billion, a P/E ratio of 53.89, a P/E/G ratio of 1.72 and a beta of 2.10. XPO has a 1-year low of $65.80 and a 1-year high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, research analysts anticipate that XPO will post 3.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Institutional investors have recently bought and sold shares of the stock. Perennial Investment Advisors LLC raised its position in shares of XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after buying an additional 103 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in XPO by 9.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares in the last quarter. Resources Management Corp CT ADV lifted its position in XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after purchasing an additional 145 shares during the period. Mystic Asset Management Inc. boosted its stake in XPO by 1.7% during the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after purchasing an additional 150 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds 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.