XPO (NYSE:XPO) Downgraded to Strong Sell Rating by Zacks Research

XPO (NYSE:XPO) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on XPO. Barclays upped their price objective on shares of XPO from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Wolfe Research lowered shares of XPO from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Stephens restated an “overweight” rating and set a $170.00 price target on shares of XPO in a research report on Tuesday, January 6th. Bank of America upped their price objective on XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Oppenheimer set a $154.00 price objective on XPO and gave the company an “outperform” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.62.

XPO Price Performance

Shares of NYSE XPO opened at $154.18 on Wednesday. The company has a market capitalization of $18.10 billion, a PE ratio of 55.46, a PEG ratio of 2.70 and a beta of 2.02. The stock’s 50 day moving average price is $140.86 and its 200-day moving average price is $134.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. XPO has a twelve month low of $85.06 and a twelve month high of $155.16.

XPO (NYSE:XPO) last posted its earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. XPO had a net margin of 4.13% and a return on equity of 26.14%. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that XPO will post 4.15 EPS for the current year.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently made changes to their positions in XPO. Vise Technologies Inc. grew its position in shares of XPO by 3.4% during the 3rd quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 76 shares during the period. GAMMA Investing LLC lifted its position in XPO by 4.4% during the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 78 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares during the period. Archer Investment Corp grew its holdings in XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 82 shares during the period. Finally, Bayforest Capital Ltd increased its position in XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.