Barclays Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target decreased by Barclays from $165.00 to $150.00 in a research note issued to investors on Monday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a report on Monday, February 24th. Wells Fargo & Company lowered their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Raymond James reduced their target price on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Citigroup upped their target price on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted 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. Eighteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $160.06.

XPO Stock Up 1.7 %

XPO opened at $108.95 on Monday. The company has a market capitalization of $12.77 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The firm has a 50-day simple moving average of $132.43 and a two-hundred day simple moving average of $129.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a 52 week low of $97.03 and a 52 week high of $161.00.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XPO. QRG Capital Management Inc. boosted its position in XPO by 8.8% in the 3rd quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock valued at $426,000 after buying an additional 322 shares during the period. Principal Financial Group Inc. raised its stake in shares of XPO by 23.7% during the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company’s stock valued at $51,677,000 after acquiring an additional 91,973 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of XPO in the third quarter valued at approximately $229,000. Colonial River Investments LLC bought a new position in XPO in the third quarter worth approximately $230,000. Finally, Baker Avenue Asset Management LP increased its holdings in XPO by 2.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 19,782 shares of the transportation company’s stock worth $2,127,000 after purchasing an additional 477 shares during the period. 97.73% 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.