XPO (NYSE:XPO) Given New $165.00 Price Target at Raymond James

XPO (NYSE:XPO - Get Free Report) had its price target lowered by investment analysts at Raymond James from $170.00 to $165.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the transportation company's stock. Raymond James' price target suggests a potential upside of 12.58% from the company's previous close.

Several other research firms have also recently commented on XPO. Stifel Nicolaus raised their target price on shares of XPO from $124.00 to $147.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Benchmark raised their target price on shares of XPO from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. TD Cowen lifted their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Barclays lowered their price objective on shares of XPO from $170.00 to $165.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.35.

XPO Stock Performance

NYSE:XPO traded up $0.08 during mid-day trading on Friday, hitting $146.56. The stock had a trading volume of 519,269 shares, compared to its average volume of 1,511,791. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 1.93 and a beta of 2.12. The company has a 50 day simple moving average of $141.04 and a 200-day simple moving average of $128.41. 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.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, research analysts expect that XPO will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of XPO

Several institutional investors have recently made changes to their positions in the stock. D1 Capital Partners L.P. boosted its holdings in shares of XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after purchasing an additional 2,153,042 shares during the period. State Street Corp boosted its holdings in shares of XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock worth $373,903,000 after purchasing an additional 37,486 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of XPO by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company's stock worth $165,299,000 after purchasing an additional 10,318 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of XPO during the fourth quarter worth approximately $163,938,000. Finally, Life Planning Partners Inc boosted its holdings in shares of XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after purchasing an additional 830,963 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.