Stifel Nicolaus Cuts XPO (NYSE:XPO) Price Target to $166.00

XPO (NYSE:XPO) had its price objective lowered by Stifel Nicolaus from $167.00 to $166.00 in a report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the transportation company’s stock.

A number of other analysts have also recently weighed in on XPO. Evercore ISI reissued an “in-line” rating and set a $148.00 target price (down from $151.00) on shares of XPO in a report on Monday, January 12th. Susquehanna dropped their price objective on shares of XPO from $162.00 to $160.00 and set a “positive” rating on the stock in a research note on Monday, January 5th. Stephens reissued an “overweight” rating and issued a $170.00 target price on shares of XPO in a report on Tuesday, January 6th. Rothschild Redb upgraded XPO to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, UBS Group increased their price target on XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.29.

XPO Stock Down 1.6%

Shares of XPO stock opened at $147.22 on Wednesday. The business has a 50-day moving average price of $142.16 and a 200 day moving average price of $134.79. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $155.95. The firm has a market cap of $17.28 billion, a P/E ratio of 52.96, a P/E/G ratio of 2.73 and a beta of 2.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last issued its earnings results on Thursday, October 30th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.01 by $0.06. XPO had a return on equity of 26.14% and a net margin of 4.13%.The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm earned $1.02 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Farther Finance Advisors LLC raised its stake in XPO by 22.5% during the 4th quarter. Farther Finance Advisors LLC now owns 577 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 106 shares in the last quarter. City Holding Co. grew its stake in shares of XPO by 6.7% in the fourth quarter. City Holding Co. now owns 7,015 shares of the transportation company’s stock worth $953,000 after purchasing an additional 442 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of XPO during the fourth quarter valued at $43,000. Secure Asset Management LLC acquired a new position in shares of XPO during the fourth quarter valued at $202,000. Finally, Signaturefd LLC raised its stake in shares of XPO by 9.9% during the fourth quarter. Signaturefd LLC now owns 880 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 79 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.