XPO (NYSE:XPO – Get Free Report) had its target price decreased by research analysts at Citigroup from $221.00 to $220.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 14.27% from the company’s previous close.
Several other research firms have also recently commented on XPO. Weiss Ratings cut XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Wells Fargo & Company boosted their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, June 5th. UBS Group raised their target price on shares of XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, TD Cowen boosted their target price on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.95.
View Our Latest Analysis on XPO
XPO Stock Down 0.3%
XPO (NYSE:XPO – Get Free Report) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Research analysts anticipate that XPO will post 5.44 earnings per share for the current year.
Insider Buying and Selling at XPO
In other news, CAO Christopher Brown sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in XPO during the 4th quarter worth approximately $28,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of XPO during the second quarter valued at $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of XPO in the 2nd quarter valued at $32,000. Horizon Investments LLC acquired a new stake in XPO during the 3rd quarter worth about $39,000. Finally, International Assets Investment Management LLC purchased a new stake in XPO during the 4th quarter valued at about $41,000. 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.
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