Barclays Cuts XPO (NYSE:XPO) Price Target to $165.00

XPO (NYSE:XPO) had its target price trimmed by Barclays from $170.00 to $165.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other brokerages have also weighed in on XPO. Citigroup increased their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group increased their price target on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. TD Cowen increased their price target on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus downgraded XPO from a “buy” rating to a “hold” rating and reduced their price target for the stock from $131.00 to $124.00 in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.71.

XPO Price Performance

NYSE:XPO opened at $137.82 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock’s 50 day moving average price is $144.69 and its two-hundred day moving average price is $125.16. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 1.70 and a beta of 2.11. XPO has a 12-month low of $81.19 and a 12-month high of $161.00.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. On average, analysts anticipate that XPO will post 3.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc acquired a new position in shares of XPO in the 4th quarter valued at about $29,000. ORG Wealth Partners LLC acquired a new position in XPO during the 3rd quarter worth approximately $25,000. Quest Partners LLC acquired a new position in XPO during the 2nd quarter worth approximately $28,000. UMB Bank n.a. raised its stake in XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after buying an additional 353 shares during the period. Finally, Brooklyn Investment Group acquired a new position in XPO during the 3rd quarter worth approximately $57,000. 97.73% of the stock is owned by institutional investors.

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.