Wells Fargo & Company Lowers XPO (NYSE:XPO) Price Target to $170.00

XPO (NYSE:XPO) had its target price decreased by stock analysts at Wells Fargo & Company from $175.00 to $170.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 25.98% from the stock’s current price.

A number of other equities analysts have also recently issued reports on XPO. Barclays upped their price target on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. TD Cowen upped their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup upped their price objective on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Stephens reissued an “overweight” rating and issued a $165.00 target price on shares of XPO in a 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’s stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $148.25.

XPO Stock Down 4.4 %

XPO stock traded down $6.18 on Tuesday, hitting $134.94. 473,463 shares of the stock traded hands, compared to its average volume of 1,553,300. XPO has a 1 year low of $80.26 and a 1 year high of $161.00. The firm has a market cap of $15.71 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. The business’s fifty day simple moving average is $144.98 and its 200 day simple moving average is $123.20. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. As a group, sell-side analysts forecast that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Perennial Investment Advisors LLC increased its stake in shares of XPO by 5.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after purchasing an additional 103 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of XPO by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock worth $245,000 after buying an additional 107 shares during the period. CIBC Asset Management Inc lifted its position in shares of XPO by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after buying an additional 116 shares in the last quarter. Stephens Inc. AR lifted its position in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock valued at $256,000 after buying an additional 142 shares in the last quarter. Finally, Resources Management Corp CT ADV raised its stake in XPO by 1.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after acquiring an additional 145 shares during the period. Hedge funds and other 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.