XPO (NYSE:XPO) Price Target Cut to $150.00 by Analysts at Bank of America

XPO (NYSE:XPO) had its price target reduced by Bank of America from $170.00 to $150.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Monday, February 24th. The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Benchmark lifted their price objective on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Sixteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $162.50.

XPO Price Performance

Shares of XPO stock opened at $112.67 on Wednesday. The firm’s 50 day moving average price is $134.81 and its two-hundred day moving average price is $130.37. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO has a 52-week low of $97.03 and a 52-week high of $161.00. The stock has a market cap of $13.21 billion, a PE ratio of 34.88, a PEG ratio of 1.79 and a beta of 2.12.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) 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%. As a group, analysts forecast that XPO will post 4.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its stake in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after buying an additional 142 shares during the last quarter. QRG Capital Management Inc. boosted its position in XPO by 8.8% during the third quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 322 shares during the last quarter. Principal Financial Group Inc. grew its stake in XPO by 23.7% in the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company’s stock valued at $51,677,000 after purchasing an additional 91,973 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of XPO during the 3rd quarter worth approximately $229,000. Finally, Colonial River Investments LLC acquired a new position in shares of XPO during the 3rd quarter worth approximately $230,000. Institutional investors own 97.73% of the company’s stock.

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.