XPO (NYSE:XPO) Price Target Lowered to $226.00 at Citigroup

XPO (NYSE:XPO) had its target price cut by Citigroup from $236.00 to $226.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other research firms also recently commented on XPO. TD Cowen upped their price objective on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Barclays raised their target price on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Stephens upgraded XPO to a “strong-buy” rating in a research note on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and set a $233.00 price target on shares of XPO in a research report on Friday, May 1st. Finally, Truist Financial set a $240.00 price target on XPO in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $219.86.

XPO Trading Up 1.5%

Shares of XPO stock opened at $207.63 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 71.11, a PEG ratio of 2.36 and a beta of 1.85. XPO has a 52-week low of $116.68 and a 52-week high of $232.05. The company has a 50-day simple moving average of $209.10 and a two-hundred day simple moving average of $192.10.

XPO (NYSE:XPO) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that XPO will post 4.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently added to or reduced their stakes in XPO. Toth Financial Advisory Corp lifted its position in XPO by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Elyxium Wealth LLC bought a new position in XPO in the fourth quarter valued at $28,000. Torren Management LLC bought a new position in XPO in the fourth quarter valued at $37,000. Horizon Investments LLC purchased a new stake in XPO during the third quarter valued at about $39,000. Finally, International Assets Investment Management LLC purchased a new stake in XPO during the fourth quarter valued at about $41,000. 97.73% of the stock is currently owned by 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.