Wells Fargo & Company Issues Pessimistic Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price objective cut by investment analysts at Wells Fargo & Company from $175.00 to $170.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 23.98% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stephens restated an “overweight” rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Barclays boosted their price objective on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised their target price on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Oppenheimer boosted their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.25.

XPO Stock Performance

Shares of XPO stock opened at $137.12 on Tuesday. The company has a market cap of $15.96 billion, a P/E ratio of 44.38, a PEG ratio of 2.37 and a beta of 2.11. The business has a 50 day moving average of $145.34 and a two-hundred day moving average of $123.50. XPO has a 52 week low of $80.26 and a 52 week high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that XPO will post 3.62 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XPO. 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 worth $1,896,000 after purchasing an additional 4,928 shares in 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 worth $2,696,000 after acquiring an additional 1,066 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of XPO in the fourth quarter worth approximately $395,000. GAMMA Investing LLC lifted its position in shares of XPO by 20.2% in the 4th quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 191 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in XPO in the 4th quarter worth 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.