XPO (NYSE:XPO) Rating Lowered to "Hold" at Stifel Nicolaus

Stifel Nicolaus downgraded shares of XPO (NYSE:XPO - Free Report) from a buy rating to a hold rating in a research note released on Wednesday, Marketbeat reports. The brokerage currently has $124.00 price objective on the transportation company's stock, down from their prior price objective of $131.00.

Several other research analysts have also issued reports on the stock. Evercore ISI reduced their target price on shares of XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. Stephens reaffirmed an "overweight" rating and set a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. Barclays upped their target price on shares of XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their price target on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Benchmark reiterated a "buy" rating and issued a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target of $150.00.

XPO Trading Up 0.4 %

XPO stock traded up $0.60 during trading on Wednesday, hitting $136.13. The company had a trading volume of 674,698 shares, compared to its average volume of 1,461,900. The firm has a 50-day moving average price of $145.53 and a 200-day moving average price of $124.50. XPO has a 12 month low of $80.26 and a 12 month high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 2.37 and a beta of 2.11.

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

Institutional Trading of XPO

Several hedge funds have recently bought and sold shares of XPO. ORG Wealth Partners LLC bought a new stake in shares of XPO during the third quarter worth $25,000. Quest Partners LLC bought a new position in XPO during the 2nd quarter worth about $28,000. Versant Capital Management Inc acquired a new stake in shares of XPO in the 4th quarter valued at about $29,000. UMB Bank n.a. lifted its holdings in shares of XPO by 356.6% in the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of XPO in the third quarter valued at about $57,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.