XPO (NYSE:XPO) Price Target Cut to $130.00 by Analysts at Raymond James

XPO (NYSE:XPO - Get Free Report) had its target price cut by stock analysts at Raymond James from $135.00 to $130.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Raymond James' target price would suggest a potential upside of 23.34% from the stock's previous close.

Other analysts also recently issued research reports about the company. Stephens restated an "overweight" rating and issued a $150.00 target price on shares of XPO in a research report on Friday, June 7th. TD Cowen boosted their target price on XPO from $136.00 to $138.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Stifel Nicolaus upgraded XPO from a "hold" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $120.00 in a research report on Friday, May 24th. Bank of America boosted their target price on XPO from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Monday, April 15th. Finally, Oppenheimer lifted their price target on XPO from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $118.45.

XPO Price Performance

XPO stock traded up $0.20 during mid-day trading on Monday, reaching $105.40. 1,752,539 shares of the company traded hands, compared to its average volume of 1,436,865. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $12.26 billion, a P/E ratio of 51.67, a P/E/G ratio of 1.49 and a beta of 2.09. XPO has a 52-week low of $51.64 and a 52-week high of $130.51. The company has a fifty day moving average price of $109.60 and a 200-day moving average price of $106.98.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. As a group, analysts anticipate that XPO will post 3.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Allison Landry sold 1,875 shares of the business's stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the transaction, the director now owns 6,965 shares of the company's stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Allison Landry sold 1,875 shares of the firm's stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the transaction, the director now directly owns 6,965 shares of the company's stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the transaction, the insider now directly owns 11,425,369 shares of the company's stock, valued at $1,290,838,189.62. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Institutional Trading of XPO

A number of institutional investors have recently bought and sold shares of XPO. Cetera Advisors LLC bought a new stake in shares of XPO during the first quarter worth $235,000. Virtu Financial LLC raised its holdings in shares of XPO by 144.8% in the first quarter. Virtu Financial LLC now owns 14,575 shares of the transportation company's stock valued at $1,778,000 after acquiring an additional 8,622 shares in the last quarter. Comerica Bank raised its holdings in shares of XPO by 10.8% in the first quarter. Comerica Bank now owns 54,529 shares of the transportation company's stock valued at $6,654,000 after acquiring an additional 5,336 shares in the last quarter. Motley Fool Asset Management LLC bought a new stake in shares of XPO in the first quarter valued at about $221,000. Finally, Interval Partners LP raised its holdings in shares of XPO by 48,850.0% in the first quarter. Interval Partners LP now owns 195,000 shares of the transportation company's stock valued at $23,796,000 after acquiring an additional 195,400 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Company Profile

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.