XPO (NYSE:XPO) Rating Lowered to "Neutral" at Susquehanna

Susquehanna downgraded shares of XPO (NYSE:XPO - Free Report) from a positive rating to a neutral rating in a research note published on Tuesday, Marketbeat reports. The firm currently has $155.00 price objective on the transportation company's stock, down from their previous price objective of $160.00.

Several other research firms have also weighed in on XPO. Benchmark reiterated a "buy" rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Wells Fargo & Company increased their price objective on shares of XPO from $119.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Stephens reaffirmed an "overweight" rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Evercore ISI cut their price target on XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $148.25.

XPO Trading Down 4.2 %

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

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. As a group, sell-side analysts expect that XPO will post 3.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XPO. D1 Capital Partners L.P. bought a new stake in shares of XPO in the 2nd quarter valued at about $271,532,000. The Manufacturers Life Insurance Company raised its stake in XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock valued at $59,486,000 after buying an additional 390,320 shares during the period. Holocene Advisors LP lifted its position in shares of XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company's stock valued at $73,529,000 after buying an additional 259,727 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company's stock worth $264,124,000 after acquiring an additional 253,519 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company's stock worth $75,131,000 after acquiring an additional 185,686 shares during the last quarter. 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.