XPO (NYSE:XPO) Downgraded by Morgan Stanley

XPO (NYSE:XPOGet Free Report) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Monday, Marketbeat Ratings reports. They presently have a $80.00 target price on the transportation company’s stock, up from their prior target price of $75.00. Morgan Stanley’s price objective would suggest a potential downside of 33.80% from the company’s previous close.

XPO has been the topic of a number of other reports. Raymond James increased 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 lifted their price objective for the company from $81.00 to $95.00 in a research note on Tuesday, October 31st. JPMorgan Chase & Co. upped their target price on XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday. Stephens raised their target price on XPO from $80.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Finally, The Goldman Sachs Group boosted their price target on XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $101.40.

Get Our Latest Research Report on XPO

XPO Stock Up 2.4 %

NYSE XPO opened at $120.84 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 75.06, a PEG ratio of 3.03 and a beta of 2.10. The company has a 50 day moving average of $88.19 and a 200-day moving average of $79.94. XPO has a 1-year low of $29.02 and a 1-year high of $122.10.

XPO (NYSE:XPOGet Free Report) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, equities research analysts expect that XPO will post 3.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the stock. Money Concepts Capital Corp lifted its stake in shares of XPO by 673.0% in the fourth quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock worth $26,000 after acquiring an additional 673 shares during the period. Signaturefd LLC raised its holdings in XPO by 165.0% during the 2nd quarter. Signaturefd LLC now owns 469 shares of the transportation company’s stock worth $28,000 after purchasing an additional 292 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares during the period. International Assets Investment Management LLC bought a new stake in shares of XPO in the 3rd quarter valued at $31,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of XPO during the third quarter worth $43,000. Institutional investors own 89.67% 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.

See Also

Analyst Recommendations for XPO (NYSE:XPO)

Receive News & Ratings for XPO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO and related companies with MarketBeat.com's FREE daily email newsletter.