Raymond James Cuts XPO (NYSE:XPO) Price Target to $165.00

XPO (NYSE:XPO) had its target price lowered by Raymond James from $170.00 to $165.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

Several other research firms have also recently commented on XPO. Jefferies Financial Group raised their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark boosted their target price on XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and set a $165.00 price objective on shares of XPO in a report on Wednesday, December 4th. Finally, Oppenheimer raised their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.72.

XPO Price Performance

Shares of NYSE:XPO opened at $148.32 on Friday. XPO has a one year low of $97.03 and a one year high of $161.00. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 1.93 and a beta of 2.12. The company has a 50-day simple moving average of $141.29 and a 200-day simple moving average of $127.70. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts predict that XPO will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. D1 Capital Partners L.P. increased its position in XPO by 84.2% during the third 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 in the last quarter. State Street Corp boosted its stake in shares of XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after acquiring an additional 37,486 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in XPO by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after purchasing an additional 10,318 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in XPO in the 4th quarter valued at about $163,938,000. Finally, Life Planning Partners Inc raised its stake in XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after purchasing an additional 830,963 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.