XPO (NYSE:XPO) Price Target Cut to $130.00 by Analysts at Wells Fargo & Company

XPO (NYSE:XPO) had its price objective cut by investment analysts at Wells Fargo & Company from $170.00 to $130.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 17.17% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and raised their target price for the company from $155.00 to $180.00 in a report on Friday, February 7th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 target price on the stock. UBS Group upped their price target on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Oppenheimer increased their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has an average rating of “Buy” and a consensus price target of $156.37.

XPO Stock Down 0.1 %

XPO opened at $110.95 on Thursday. The firm has a market cap of $13.01 billion, a P/E ratio of 34.35, a PEG ratio of 1.79 and a beta of 2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The business’s fifty day simple moving average is $127.10 and its 200 day simple moving average is $129.65. XPO has a 52 week low of $97.03 and a 52 week high of $161.00.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

Insider Activity at XPO

In related news, COO David J. Bates bought 1,880 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On XPO

A number of hedge funds and other institutional investors have recently modified their holdings of XPO. Stifel Financial Corp boosted its holdings in shares of XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new position in XPO in the 3rd quarter worth approximately $534,000. Natixis Advisors LLC grew its position in XPO by 42.8% during the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock worth $8,054,000 after purchasing an additional 18,398 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in XPO during the 4th quarter worth approximately $423,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of XPO by 36.2% in the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares in the last quarter. 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.