XPO (NYSE:XPO) Price Target Cut to $165.00 by Analysts at Raymond James

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

A number of other equities research analysts have also issued reports on XPO. UBS Group upped their target price on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stephens restated an “overweight” rating and set a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Citigroup upped their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.72.

XPO Stock Up 1.0 %

XPO opened at $148.32 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a twelve month low of $97.03 and a twelve month high of $161.00. The company has a market cap of $17.26 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The company has a 50-day moving average price of $141.29 and a 200 day moving average price of $127.70.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating 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%. Sell-side analysts expect that XPO will post 4.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of XPO by 5.1% in the fourth quarter. HighTower Advisors LLC now owns 7,224 shares of the transportation company’s stock valued at $947,000 after acquiring an additional 350 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in XPO in the fourth quarter valued at approximately $1,576,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of XPO by 14.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,329 shares of the transportation company’s stock valued at $3,846,000 after buying an additional 3,795 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of XPO during the fourth quarter worth about $732,000. Finally, Larson Financial Group LLC increased its position in shares of 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 in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

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.