Bank of America Issues Pessimistic Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its target price cut by investment analysts at Bank of America from $170.00 to $150.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective suggests a potential upside of 34.02% from the company’s current price.

XPO has been the subject of a number of other research reports. Benchmark increased their price objective on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research report on Monday, February 24th. Jefferies Financial Group boosted their price objective on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Raymond James lowered their target price on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Wells Fargo & Company cut their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $162.50.

XPO Trading Down 4.2 %

NYSE:XPO traded down $4.88 on Wednesday, reaching $111.92. The company’s stock had a trading volume of 975,854 shares, compared to its average volume of 1,467,778. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The stock has a 50 day moving average price of $135.26 and a 200 day moving average price of $130.50. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. 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 (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, equities analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Institutional investors have recently modified their holdings of the company. Stephens Inc. AR lifted its holdings in XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after buying an additional 142 shares during the last quarter. QRG Capital Management Inc. lifted its stake in XPO by 8.8% during the third quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock worth $426,000 after purchasing an additional 322 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in XPO by 23.7% in the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company’s stock valued at $51,677,000 after purchasing an additional 91,973 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in XPO in the third quarter valued at approximately $229,000. Finally, Colonial River Investments LLC acquired a new stake in XPO during the third quarter worth approximately $230,000. 97.73% of the stock is owned by hedge funds and other 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.