Stifel Nicolaus Lowers XPO (NYSE:XPO) Price Target to $166.00

XPO (NYSE:XPO) had its target price decreased by equities researchers at Stifel Nicolaus from $167.00 to $166.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 11.11% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley lifted their price target on shares of XPO from $83.00 to $90.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. Stephens reissued an “overweight” rating and set a $170.00 price objective on shares of XPO in a research note on Tuesday, January 6th. Zacks Research cut XPO from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Redburn Partners set a $156.00 target price on XPO in a research report on Wednesday, November 26th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $148.00 target price (down from $151.00) on shares of XPO in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.29.

XPO Trading Down 0.3%

Shares of XPO stock opened at $149.40 on Wednesday. The business has a fifty day simple moving average of $141.89 and a 200-day simple moving average of $134.66. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $155.95. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 53.74, a price-to-earnings-growth ratio of 2.73 and a beta of 2.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last issued its quarterly 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 net margin of 4.13% and a return on equity of 26.14%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the business earned $1.02 earnings per share. XPO’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently modified their holdings of the stock. Amundi boosted its position in XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC increased its position in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of XPO by 2.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,755 shares of the transportation company’s stock valued at $2,082,000 after buying an additional 334 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of XPO by 31.1% in the 2nd quarter. UMB Bank n.a. now owns 1,392 shares of the transportation company’s stock valued at $176,000 after buying an additional 330 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.