XPO (NYSE:XPO) Price Target Lowered to $142.00 at TD Cowen

XPO (NYSE:XPO) had its price target trimmed by TD Cowen from $143.00 to $142.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research firms also recently commented on XPO. Stifel Nicolaus upped their price objective on XPO from $120.00 to $125.00 and gave the company a buy rating in a research note on Monday, August 5th. Evercore ISI dropped their target price on XPO from $144.00 to $124.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Bank of America dropped their target price on XPO from $135.00 to $134.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company dropped their target price on XPO from $125.00 to $119.00 and set an overweight rating on the stock in a research report on Thursday. Finally, Raymond James dropped their target price on XPO from $135.00 to $130.00 and set an outperform rating on the stock in a research report on Monday, June 24th. Two analysts have rated the stock with a sell rating and sixteen have given a buy rating to the company. According to MarketBeat.com, XPO presently has an average rating of Moderate Buy and a consensus target price of $128.06.

XPO Stock Performance

XPO stock opened at $102.72 on Thursday. The firm has a market cap of $11.96 billion, a PE ratio of 50.35, a P/E/G ratio of 1.78 and a beta of 2.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The business has a 50 day moving average of $112.69 and a 200-day moving average of $114.37. XPO has a 12-month low of $65.80 and a 12-month high of $130.51.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. XPO’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, sell-side analysts expect that XPO will post 3.61 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in XPO in the fourth quarter valued at $79,592,000. CenterBook Partners LP bought a new position in shares of XPO during the fourth quarter valued at about $779,000. Dimensional Fund Advisors LP grew its stake in shares of XPO by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock valued at $128,603,000 after buying an additional 67,797 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of XPO by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 1,712 shares during the last quarter. Finally, Empirical Capital Management LLC bought a new position in shares of XPO during the fourth quarter valued at about $4,380,000. 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.