XPO (NYSE:XPO) PT Lowered to $145.00 at Susquehanna

XPO (NYSE:XPOFree Report) had its price objective reduced by Susquehanna from $160.00 to $145.00 in a report released on Wednesday morning, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Several other equities analysts have also recently commented on XPO. Stephens restated an overweight rating and issued a $150.00 target price on shares of XPO in a research report on Friday, June 7th. Wells Fargo & Company began coverage on shares of XPO in a report on Friday, June 7th. They set an overweight rating and a $125.00 price target on the stock. Bank of America lifted their price target on shares of XPO from $137.00 to $139.00 and gave the company a buy rating in a report on Monday, April 15th. Stifel Nicolaus raised shares of XPO from a hold rating to a buy rating and lifted their price target for the company from $115.00 to $120.00 in a report on Friday, May 24th. Finally, Oppenheimer lifted their price target on shares of XPO from $130.00 to $140.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, XPO currently has an average rating of Moderate Buy and a consensus price target of $119.20.

View Our Latest Stock Report on XPO

XPO Price Performance

Shares of NYSE:XPO opened at $103.02 on Wednesday. The firm has a 50 day moving average of $112.21 and a 200-day moving average of $105.89. The stock has a market capitalization of $11.98 billion, a PE ratio of 50.50, a PEG ratio of 1.50 and a beta of 2.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. XPO has a 12 month low of $50.66 and a 12 month high of $130.51.

XPO (NYSE:XPOGet Free Report) last issued its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. On average, equities research analysts predict that XPO will post 3.63 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Capital Research Global Investors raised its holdings in XPO by 49.9% during the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after buying an additional 3,094,390 shares during the last quarter. Deutsche Bank AG raised its holdings in XPO by 12,894.9% during the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock worth $97,359,000 after buying an additional 1,294,002 shares during the last quarter. Norges Bank acquired a new position in XPO during the fourth quarter worth $79,592,000. Eminence Capital LP raised its holdings in XPO by 137.4% during the third quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock worth $88,943,000 after buying an additional 689,457 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in XPO by 33.4% during the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after buying an additional 560,079 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Company Profile

(Get Free Report)

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.

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