Bank of America Lowers XPO (NYSE:XPO) Price Target to $150.00

XPO (NYSE:XPO) had its price objective dropped by investment analysts at Bank of America from $170.00 to $150.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target indicates a potential upside of 35.27% from the company’s current price.

XPO has been the topic of several other research reports. Citigroup boosted their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price target on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Oppenheimer boosted their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday. Finally, Raymond James decreased their price target on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Seventeen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $161.18.

XPO Stock Performance

Shares of NYSE XPO opened at $110.89 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $134.36 and its two-hundred day moving average is $130.24. The company has a market cap of $13.00 billion, a P/E ratio of 34.33, a P/E/G ratio of 1.79 and a beta of 2.12. XPO has a 12 month low of $97.03 and a 12 month high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts expect that XPO will post 4.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in XPO during the fourth quarter worth about $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its holdings in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC boosted its holdings in XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in XPO during the third quarter worth about $57,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

About XPO

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.