Stifel Nicolaus Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target lowered by analysts at Stifel Nicolaus from $167.00 to $166.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 11.10% from the stock’s current price.

XPO has been the topic of several other research reports. Barclays upped their price target on shares of XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Zacks Research lowered XPO from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Evercore ISI reiterated an “in-line” rating and set a $148.00 target price (down previously from $151.00) on shares of XPO in a report on Monday, January 12th. Rothschild Redb raised XPO to a “strong-buy” rating in a report on Wednesday, November 26th. Finally, Citigroup lowered XPO from a “buy” rating to a “neutral” rating and increased their price objective for the company from $164.00 to $171.00 in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.29.

XPO Price Performance

XPO stock traded up $3.52 during trading on Wednesday, reaching $149.42. 248,413 shares of the company were exchanged, compared to its average volume of 1,227,065. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average price is $141.43 and its 200 day moving average price is $134.45. XPO has a 52-week low of $85.06 and a 52-week high of $155.95. The company has a market cap of $17.54 billion, a P/E ratio of 53.73, a PEG ratio of 2.72 and a beta of 2.02.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. XPO had a net margin of 4.13% and a return on equity of 26.14%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.02 EPS. As a group, analysts predict that XPO will post 4.15 earnings per share for the current fiscal year.

Institutional Trading of XPO

Institutional investors and hedge funds have recently made changes to their positions in the company. Forge First Asset Management Inc. bought a new position in shares of XPO during the 2nd quarter valued at about $6,079,000. Avior Wealth Management LLC acquired a new stake in XPO during the second quarter valued at approximately $941,000. Allspring Global Investments Holdings LLC boosted its holdings in XPO by 86.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 86,726 shares of the transportation company’s stock worth $11,008,000 after buying an additional 40,235 shares in the last quarter. Gateway Investment Advisers LLC grew its position in XPO by 67.2% in the third quarter. Gateway Investment Advisers LLC now owns 18,431 shares of the transportation company’s stock worth $2,383,000 after buying an additional 7,406 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of XPO by 128.8% in the second quarter. First Citizens Bank & Trust Co. now owns 10,549 shares of the transportation company’s stock valued at $1,332,000 after buying an additional 5,939 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.