Citigroup Cuts XPO (NYSE:XPO) Price Target to $220.00

XPO (NYSE:XPO) had its price target trimmed by Citigroup from $221.00 to $220.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company upped their price target on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. lifted their price objective on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Stephens lifted their price objective on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Oppenheimer boosted their price objective on XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Stifel Nicolaus upped their target price on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $225.82.

XPO Stock Performance

Shares of XPO stock opened at $182.49 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $21.37 billion, a P/E ratio of 53.83, a P/E/G ratio of 1.88 and a beta of 1.85. The firm has a 50 day simple moving average of $201.36 and a 200 day simple moving average of $204.59. XPO has a fifty-two week low of $121.48 and a fifty-two week high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. XPO’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. Sell-side analysts predict that XPO will post 5.42 earnings per share for the current fiscal year.

Insider Activity at XPO

In related news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XPO

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in XPO by 25,005.6% during the second quarter. California State Teachers Retirement System now owns 34,184,070 shares of the transportation company’s stock valued at $7,017,648,000 after purchasing an additional 34,047,909 shares during the period. BlackRock Inc. bought a new stake in XPO in the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP acquired a new stake in XPO in the second quarter worth $2,026,148,865. Durable Capital Partners LP raised its holdings in XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the period. Finally, Norges Bank acquired a new stake in XPO in the fourth quarter worth $204,304,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.