Wells Fargo & Company Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target reduced by analysts at Wells Fargo & Company from $175.00 to $170.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 25.98% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. TD Cowen increased their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Citigroup boosted their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI lowered their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $155.00 in a report on Tuesday. One research 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. According to data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and an average price target of $148.25.

XPO Price Performance

Shares of NYSE:XPO traded down $6.18 during trading on Tuesday, hitting $134.94. 473,463 shares of the company’s stock were exchanged, compared to its average volume of 1,553,300. The business’s 50-day simple moving average is $144.98 and its 200 day simple moving average is $123.20. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO has a 52-week low of $80.26 and a 52-week high of $161.00. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last released its quarterly earnings data 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. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that XPO will post 3.62 EPS for the current year.

Hedge Funds Weigh In On XPO

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc bought a new stake in shares of XPO during the fourth quarter worth $29,000. ORG Wealth Partners LLC purchased a new stake in XPO in the 3rd quarter valued at about $25,000. Quest Partners LLC bought a new position in XPO in the 2nd quarter worth about $28,000. UMB Bank n.a. increased its position in shares of XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after acquiring an additional 353 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of XPO during the third quarter worth approximately $57,000. 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.