XPO (NYSE:XPO – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Other equities analysts have also issued research reports about the stock. BMO Capital Markets upped their price target on shares of XPO from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Raymond James boosted their price objective on shares of XPO from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Jefferies Financial Group raised shares of XPO from a “hold” rating to a “buy” rating and increased their price objective for the stock from $81.00 to $95.00 in a research report on Tuesday, October 31st. Evercore ISI raised shares of XPO from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $72.00 to $79.00 in a research report on Wednesday, September 27th. Finally, Stephens increased their price objective on shares of XPO from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.48.
XPO Stock Performance
Shares of XPO stock opened at $89.95 on Thursday. XPO has a one year low of $29.02 and a one year high of $90.84. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $82.97 and a 200 day moving average price of $72.85. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 290.16, a price-to-earnings-growth ratio of 2.67 and a beta of 2.11.
XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings results on Monday, October 30th. The transportation company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.64 by $0.24. XPO had a net margin of 0.48% and a return on equity of 33.40%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. XPO’s revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts anticipate that XPO will post 2.79 EPS for the current year.
Insiders Place Their Bets
In related news, Director J Wes Frye acquired 1,500 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $79.71 per share, with a total value of $119,565.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at $239,130. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of XPO in the 3rd quarter worth about $31,000. Signaturefd LLC lifted its position in XPO by 165.0% in the 2nd quarter. Signaturefd LLC now owns 469 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 292 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in XPO in the 3rd quarter valued at about $43,000. Fifth Third Bancorp raised its position in shares of XPO by 37.3% during the 3rd quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock worth $55,000 after buying an additional 199 shares in the last quarter. Finally, Money Concepts Capital Corp raised its position in shares of XPO by 673.0% during the 4th quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock worth $26,000 after buying an additional 673 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors.
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.