XPO (NYSE:XPO) Price Target Cut to $134.00 by Analysts at Bank of America

XPO (NYSE:XPO) had its price objective lowered by Bank of America from $135.00 to $134.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

XPO has been the subject of several other research reports. Stephens reaffirmed an overweight rating and set a $150.00 price target on shares of XPO in a report on Friday, June 7th. Susquehanna reduced their target price on shares of XPO from $160.00 to $145.00 and set a positive rating for the company in a research report on Wednesday, June 12th. Oppenheimer boosted their target price on shares of XPO from $130.00 to $140.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Stifel Nicolaus raised shares of XPO from a hold rating to a buy rating and boosted their target price for the company from $115.00 to $120.00 in a research report on Friday, May 24th. Finally, Wells Fargo & Company started coverage on shares of XPO in a research report on Friday, June 7th. They issued an overweight rating and a $125.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $120.45.

XPO Price Performance

Shares of XPO opened at $110.02 on Monday. The stock has a market capitalization of $12.80 billion, a P/E ratio of 53.93, a P/E/G ratio of 1.64 and a beta of 2.10. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. XPO has a twelve month low of $64.70 and a twelve month high of $130.51. The company has a 50 day moving average of $107.17 and a 200-day moving average of $110.20.

XPO (NYSE:XPO) last released its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. As a group, equities research analysts forecast that XPO will post 3.54 EPS for the current fiscal year.

Insider Activity at XPO

In related news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other XPO news, Director Allison Landry sold 1,875 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the transaction, the director now directly owns 6,965 shares in the company, valued at approximately $727,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in XPO in the 1st quarter valued at $27,000. Blue Trust Inc. increased its position in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of XPO by 170.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 211 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of XPO during the 1st quarter valued at $31,000. Finally, ORG Partners LLC purchased a new stake in shares of XPO during the 1st quarter valued at $36,000. 97.73% of the stock is owned by institutional investors and hedge funds.

About XPO

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.