Susquehanna Cuts XPO (NYSE:XPO) Price Target to $145.00

XPO (NYSE:XPO) had its price target lowered by Susquehanna from $160.00 to $145.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus raised shares of XPO from a hold rating to a buy rating and increased their price objective for the stock from $115.00 to $120.00 in a report on Friday, May 24th. Oppenheimer increased their price objective on shares of XPO from $130.00 to $140.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. Benchmark reiterated a buy rating and issued a $140.00 target price on shares of XPO in a research report on Friday, June 7th. TD Cowen increased their target price on shares of XPO from $136.00 to $138.00 and gave the company a buy rating in a research report on Monday, May 6th. Finally, Raymond James increased their target price on shares of XPO from $130.00 to $145.00 and gave the company an outperform rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $119.20.

XPO Stock Up 0.0 %

Shares of NYSE:XPO opened at $102.99 on Wednesday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. XPO has a 1-year low of $50.66 and a 1-year high of $130.51. The company’s fifty day moving average is $112.21 and its two-hundred day moving average is $106.03. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 1.45 and a beta of 2.09.

XPO (NYSE:XPO) last released its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company earned $0.56 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts anticipate that XPO will post 3.63 EPS for the current year.

Insider Buying and Selling at XPO

In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Allison Landry sold 1,875 shares of the stock in a transaction that occurred 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 directly owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional Trading of XPO

A number of hedge funds have recently made changes to their positions in the stock. Mather Group LLC. bought a new position in XPO during the first quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. raised its position in XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 211 shares in the last quarter. Riverview Trust Co bought a new position in XPO during the first quarter valued at approximately $31,000. ORG Partners LLC bought a new position in XPO during the first quarter valued at approximately $36,000. Finally, Rise Advisors LLC bought a new position in XPO during the first quarter valued at approximately $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Company Profile

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.