XPO (NYSE:XPO) PT Lowered to $142.00 at TD Cowen

XPO (NYSE:XPO) had its price target cut by TD Cowen from $143.00 to $142.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

XPO has been the subject of a number of other reports. Evercore ISI reduced their target price on shares of XPO from $144.00 to $124.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Stifel Nicolaus raised their price objective on XPO from $120.00 to $125.00 and gave the stock a buy rating in a research note on Monday, August 5th. Bank of America cut their target price on XPO from $135.00 to $134.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Stephens reiterated an overweight rating and issued a $150.00 price target on shares of XPO in a research report on Thursday. Finally, Wells Fargo & Company cut their price objective on XPO from $125.00 to $119.00 and set an overweight rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of Moderate Buy and an average target price of $129.29.

XPO Trading Down 1.0 %

XPO stock opened at $101.70 on Thursday. XPO has a 12-month low of $65.80 and a 12-month high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $11.84 billion, a PE ratio of 49.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The firm has a 50 day simple moving average of $112.60 and a 200-day simple moving average of $114.21.

XPO (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.11. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. As a group, equities research analysts expect that XPO will post 3.61 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently modified their holdings of XPO. Capital Research Global Investors raised its stake in shares of XPO by 49.9% in the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after acquiring an additional 3,094,390 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of XPO in the second quarter valued at about $271,532,000. Norges Bank bought a new position in shares of XPO in the fourth quarter worth about $79,592,000. Clearbridge Investments LLC increased its stake in shares of XPO by 33.4% in the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after purchasing an additional 560,079 shares during the period. Finally, Capital World Investors boosted its stake in XPO by 13.1% during the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock valued at $380,945,000 after purchasing an additional 503,388 shares during the period. 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.