Raymond James Cuts XPO (NYSE:XPO) Price Target to $165.00

XPO (NYSE:XPO) had its price objective trimmed by Raymond James from $170.00 to $165.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and issued a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. UBS Group increased their price objective on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday. Barclays lowered their target price on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Benchmark increased their price target on XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.35.

XPO Price Performance

Shares of NYSE XPO opened at $148.32 on Friday. The company has a market capitalization of $17.26 billion, a PE ratio of 45.92, a PEG ratio of 1.93 and a beta of 2.12. 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 stock’s 50 day moving average price is $141.20 and its 200-day moving average price is $128.06. XPO has a twelve month low of $97.03 and a twelve month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 anticipate that XPO will post 4.16 EPS for the current year.

Institutional Investors Weigh In On XPO

Several large investors have recently added to or reduced their stakes in XPO. Stifel Financial Corp boosted its position in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after acquiring an additional 43,237 shares during the last quarter. Neo Ivy Capital Management bought a new stake in XPO during the third quarter valued at approximately $534,000. Traynor Capital Management Inc. grew its stake in XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of XPO in the 4th quarter worth $423,000. Finally, PCJ Investment Counsel Ltd. raised its position in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after buying an additional 10,740 shares in the last quarter. Institutional investors 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.