XPO (NYSE:XPO) Price Target Lowered to $170.00 at Wells Fargo & Company

XPO (NYSE:XPO - Get Free Report) had its target price cut by equities research analysts at Wells Fargo & Company from $175.00 to $170.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price objective indicates a potential upside of 25.68% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Citigroup raised their price target on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Oppenheimer raised their price objective on shares of XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Susquehanna downgraded shares of XPO from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $160.00 to $155.00 in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, Stifel Nicolaus boosted their price objective on shares of XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.25.

XPO Stock Down 4.2 %

NYSE:XPO traded down $5.86 during mid-day trading on Tuesday, hitting $135.26. 1,826,248 shares of the company's stock were exchanged, compared to its average volume of 1,913,334. The company has a market cap of $15.74 billion, a PE ratio of 43.77, a P/E/G ratio of 2.37 and a beta of 2.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO has a one year low of $80.26 and a one year high of $161.00. The business has a fifty day moving average price of $144.98 and a 200 day moving average price of $123.20.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.02 billion. During the same period in the previous year, the firm posted $0.88 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts predict that XPO will post 3.62 EPS for the current year.

Hedge Funds Weigh In On XPO

Institutional investors have recently made changes to their positions in the business. Perennial Investment Advisors LLC increased its holdings in XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company's stock valued at $210,000 after buying an additional 103 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company's stock worth $245,000 after purchasing an additional 107 shares in the last quarter. CIBC Asset Management Inc raised its holdings in XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company's stock worth $359,000 after purchasing an additional 116 shares during the period. Stephens Inc. AR lifted its position in XPO by 6.4% during the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock valued at $256,000 after purchasing an additional 142 shares in the last quarter. Finally, Resources Management Corp CT ADV raised its stake in shares of XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company's stock worth $805,000 after buying an additional 145 shares during the period. Institutional investors own 97.73% of the company's stock.

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.