XPO (NYSE:XPO) Rating Lowered to “Hold” at Stifel Nicolaus

XPO (NYSE:XPO) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a $124.00 price objective on the transportation company’s stock, down from their prior price objective of $131.00. Stifel Nicolaus’ price target points to a potential downside of 10.39% from the stock’s previous close.

XPO has been the topic of several other reports. Stephens reaffirmed an “overweight” rating and issued a $165.00 price target on shares of XPO in a research report on Wednesday, December 4th. Barclays boosted their target price on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen increased their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Citigroup boosted their price objective on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Evercore ISI cut their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average price target of $150.00.

XPO Price Performance

NYSE XPO opened at $138.38 on Wednesday. XPO has a 1 year low of $80.26 and a 1 year high of $161.00. The company has a fifty day simple moving average of $144.98 and a 200 day simple moving average of $124.68. 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 company has a market cap of $16.11 billion, a P/E ratio of 44.78, a P/E/G ratio of 1.70 and a beta of 2.11.

XPO (NYSE:XPO) last released its quarterly earnings results 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. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. On average, sell-side analysts predict that XPO will post 3.6 EPS for the current year.

Institutional Trading of XPO

Several institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in XPO during the third quarter worth $25,000. Quest Partners LLC bought a new stake in shares of XPO in the 2nd quarter worth about $28,000. Versant Capital Management Inc acquired a new stake in shares of XPO during the 4th quarter worth about $29,000. UMB Bank n.a. lifted its holdings in XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in XPO in the third quarter valued at about $57,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.