XPO (NYSE:XPO) Price Target Cut to $166.00 by Analysts at Stifel Nicolaus

XPO (NYSE:XPO) had its target price reduced by analysts at Stifel Nicolaus from $167.00 to $166.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 11.10% from the company’s current price.

Other analysts have also recently issued research reports about the company. Redburn Partners set a $156.00 price objective on XPO in a research report on Wednesday, November 26th. Citigroup lowered XPO from a “buy” rating to a “neutral” rating and lifted their price target for the company from $164.00 to $171.00 in a report on Wednesday, January 7th. Susquehanna dropped their price objective on XPO from $162.00 to $160.00 and set a “positive” rating on the stock in a report on Monday, January 5th. TD Cowen raised their price objective on shares of XPO from $141.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.29.

XPO Trading Up 2.4%

XPO stock traded up $3.52 during mid-day trading on Wednesday, reaching $149.42. 248,413 shares of the stock traded hands, compared to its average volume of 1,227,065. XPO has a 52-week low of $85.06 and a 52-week high of $155.95. The stock’s fifty day moving average is $141.43 and its 200-day moving average is $134.45. The company has a market cap of $17.54 billion, a P/E ratio of 53.73, a P/E/G ratio of 2.72 and a beta of 2.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last issued its earnings results on Thursday, October 30th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.01 by $0.06. XPO had a return on equity of 26.14% and a net margin of 4.13%.The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the firm posted $1.02 earnings per share. XPO’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that XPO will post 4.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vise Technologies Inc. lifted its position in XPO by 3.4% during the 3rd quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock worth $297,000 after acquiring an additional 76 shares during the last quarter. GAMMA Investing LLC grew its position in shares of XPO by 4.4% in the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 78 shares during the last quarter. Signaturefd LLC increased its stake in shares of XPO by 9.9% in the fourth quarter. Signaturefd LLC now owns 880 shares of the transportation company’s stock worth $120,000 after purchasing an additional 79 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of XPO by 23.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after purchasing an additional 82 shares during the last quarter. Finally, Archer Investment Corp boosted its stake in XPO by 9.6% during the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 82 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.