Bank of America Cuts XPO (NYSE:XPO) Price Target to $150.00

XPO (NYSE:XPO - Free Report) had its target price cut by Bank of America from $170.00 to $150.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

A number of other brokerages also recently commented on XPO. UBS Group lifted their price objective on XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus raised XPO from a "hold" rating to a "buy" rating and set a $147.00 price objective for the company 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 stock a "buy" rating in a research note on Thursday, December 12th. Jefferies Financial Group boosted their target price on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Eighteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO has an average rating of "Buy" and a consensus price target of $160.89.

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XPO Stock Down 2.7 %

Shares of XPO traded down $2.99 during midday trading on Wednesday, reaching $108.07. 2,345,562 shares of the stock were exchanged, compared to its average volume of 1,478,068. XPO has a 52 week low of $97.03 and a 52 week high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company's 50 day moving average is $133.88 and its two-hundred day moving average is $130.24. The company has a market capitalization of $12.67 billion, a P/E ratio of 33.46, a PEG ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that XPO will post 4.15 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in XPO in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in XPO in the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. grew its holdings in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC grew its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after buying an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in XPO in the 3rd quarter worth approximately $57,000. 97.73% of the stock is owned by institutional investors.

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.