Bank of America Cuts XPO (NYSE:XPO) Price Target to $134.00

XPO (NYSE:XPO) had its price objective lowered by Bank of America from $135.00 to $134.00 in a research note released on Monday, Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Evercore ISI lowered their price objective on shares of XPO from $144.00 to $124.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. TD Cowen increased their price target on XPO from $136.00 to $138.00 and gave the company a buy rating in a research note on Monday, May 6th. Susquehanna reduced their price objective on XPO from $160.00 to $145.00 and set a positive rating on the stock in a research report on Wednesday, June 12th. Oppenheimer increased their target price on XPO from $130.00 to $140.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Finally, Stephens restated an overweight rating and set a $150.00 price target on shares of XPO in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $120.45.

XPO Stock Up 4.4 %

NYSE XPO opened at $114.89 on Monday. XPO has a fifty-two week low of $64.70 and a fifty-two week high of $130.51. The business has a fifty day moving average price of $107.23 and a two-hundred day moving average price of $110.23. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $13.37 billion, a PE ratio of 56.32, a PEG ratio of 1.76 and a beta of 2.10.

XPO (NYSE:XPO) last announced its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company earned $0.56 EPS. XPO’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts expect that XPO will post 3.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the sale, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Institutional Trading of XPO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in XPO in the 4th quarter valued at about $79,592,000. CenterBook Partners LP purchased a new position in XPO during the 4th quarter worth $779,000. Dimensional Fund Advisors LP grew its stake in shares of XPO by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock worth $128,603,000 after acquiring an additional 67,797 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of XPO by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Empirical Capital Management LLC bought a new position in shares of XPO during the fourth quarter valued at about $4,380,000. 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.