XPO (NYSE:XPO) Cut to Neutral at Susquehanna

Susquehanna downgraded shares of XPO (NYSE:XPO) from a positive rating to a neutral rating in a research note published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $155.00 target price on the transportation company’s stock, down from their previous target price of $160.00.

Several other equities research analysts have also recently commented on XPO. JPMorgan Chase & Co. lifted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. The Goldman Sachs Group increased their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Oppenheimer upped their price objective on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Citigroup raised their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Stephens reaffirmed an “overweight” rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.25.

XPO Price Performance

Shares of XPO stock opened at $137.12 on Tuesday. XPO has a 1 year low of $80.26 and a 1 year high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm’s 50 day moving average is $145.47 and its 200-day moving average is $123.60. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm 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 business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Sell-side analysts forecast that XPO will post 3.62 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. First Hawaiian Bank increased its stake in XPO by 51.7% in the 4th quarter. First Hawaiian Bank now owns 14,460 shares of the transportation company’s stock valued at $1,896,000 after buying an additional 4,928 shares during the last quarter. Oliver Luxxe Assets LLC increased its position in shares of XPO by 5.5% in the fourth quarter. Oliver Luxxe Assets LLC now owns 20,559 shares of the transportation company’s stock valued at $2,696,000 after acquiring an additional 1,066 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of XPO in the fourth quarter valued at about $395,000. GAMMA Investing LLC raised its holdings in XPO by 20.2% during the fourth quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company’s stock worth $149,000 after acquiring an additional 191 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in XPO during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds 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.