Citigroup Lowers XPO (NYSE:XPO) Price Target to $226.00

by · The Cerbat Gem

XPO (NYSE:XPO – Get Free Report) had its price target dropped by analysts at Citigroup from $236.00 to $226.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Citigroup’s target price suggests a potential upside of 8.17% from the company’s current price.

Several other equities analysts have also recently issued reports on XPO. Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price target on shares of XPO in a research report on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $233.00 target price on shares of XPO in a research note on Friday, May 1st. Morgan Stanley set a $105.00 price objective on XPO and gave the stock an “underweight” rating in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average price target of $219.86.

Read Our Latest Research Report on XPO

XPO Stock Performance

NYSE XPO traded up $4.35 on Thursday, hitting $208.94. The stock had a trading volume of 85,627 shares, compared to its average volume of 1,628,455. XPO has a one year low of $116.68 and a one year high of $232.05. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of 71.54, a P/E/G ratio of 2.34 and a beta of 1.85. The company’s 50-day moving average is $209.40 and its two-hundred day moving average is $191.61. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

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

Insider Activity

In related 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 transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Trading of XPO

Institutional investors and hedge funds have recently modified their holdings of the company. Toth Financial Advisory Corp increased its position in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of XPO in the fourth quarter valued at approximately $28,000. Torren Management LLC bought a new stake in shares of XPO during the fourth quarter worth $37,000. Horizon Investments LLC acquired a new position in XPO during the 3rd quarter valued at about $39,000. Finally, International Assets Investment Management LLC bought a new position in XPO in the fourth quarter valued at approximately $41,000. 97.73% of the stock is currently owned by institutional investors.

About XPO

(Get Free Report)

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.

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