Citigroup Lowers XPO (NYSE:XPO) Price Target to $220.00

by · The Markets Daily

XPO (NYSE:XPO – Get Free Report) had its price objective cut by Citigroup from $221.00 to $220.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price objective would suggest a potential upside of 14.27% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group restated a “buy” rating and issued a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. Bank of America lowered their target price on shares of XPO from $248.00 to $228.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company increased their target price on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, Raymond James Financial lowered their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.95.

Read Our Latest Stock Report on XPO

XPO Stock Performance

XPO traded down $0.57 on Tuesday, reaching $192.53. The stock had a trading volume of 327,439 shares, compared to its average volume of 1,460,950. The business’s 50-day moving average price is $202.60 and its two-hundred day moving average price is $205.01. The company has a market cap of $22.54 billion, a P/E ratio of 56.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.85. XPO has a 12-month low of $121.48 and a 12-month high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that XPO will post 5.44 earnings per share for the current year.

Insider Buying and Selling at XPO

In related news, CAO Christopher Brown sold 3,750 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On XPO

Hedge funds have recently made changes to their positions in the stock. Nykredit A S acquired a new position in XPO during the second quarter worth $7,155,000. Corient Private Wealth LP boosted its holdings in XPO by 34.9% during the 2nd quarter. Corient Private Wealth LP now owns 25,160 shares of the transportation company’s stock valued at $5,165,000 after acquiring an additional 6,512 shares during the period. Amundi grew its position in XPO by 1,066.2% in the 2nd quarter. Amundi now owns 153,894 shares of the transportation company’s stock valued at $31,593,000 after acquiring an additional 140,698 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of XPO by 25,005.6% during the second quarter. California State Teachers Retirement System now owns 34,184,070 shares of the transportation company’s stock worth $7,017,648,000 after purchasing an additional 34,047,909 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of XPO by 6.7% in the second quarter. Wedmont Private Capital now owns 2,322 shares of the transportation company’s stock valued at $483,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.

Featured Articles