Barclays Lowers XPO (NYSE:XPO) Price Target to $165.00

XPO (NYSE:XPO) had its target price cut by research analysts at Barclays from $170.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential upside of 18.70% from the stock’s previous close.

A number of other research analysts have also commented on XPO. JPMorgan Chase & Co. boosted their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. The Goldman Sachs Group upped their target price on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price target on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and dropped their target price for the company from $160.00 to $155.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.71.

XPO Stock Performance

Shares of NYSE XPO traded up $0.48 during trading on Friday, reaching $139.01. 152,309 shares of the stock traded hands, compared to its average volume of 1,439,396. The company has a 50-day moving average of $144.98 and a 200-day moving average of $124.68. XPO has a 52-week low of $81.19 and a 52-week high of $161.00. The stock has a market capitalization of $16.18 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 1.70 and a beta of 2.11. 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 issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS. Analysts forecast that XPO will post 3.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. D1 Capital Partners L.P. grew its position in shares of XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares during the period. State Street Corp grew its stake in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after buying an additional 37,486 shares during the last quarter. Clearbridge Investments LLC raised its stake in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after buying an additional 253,519 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in XPO by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after acquiring an additional 10,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of XPO by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after acquiring an additional 130,322 shares in the last quarter. 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.