XPO (NYSE:XPO) Stock Rating Lowered by Evercore ISI

XPO (NYSE:XPO) was downgraded by research analysts at Evercore ISI from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

XPO has been the subject of a number of other reports. Redburn Partners set a $156.00 price target on XPO in a report on Wednesday, November 26th. UBS Group boosted their price objective on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. dropped their target price on shares of XPO from $163.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday. Raymond James Financial boosted their price target on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, Truist Financial set a $145.00 price objective on shares of XPO in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.29.

XPO Stock Up 0.0%

Shares of XPO stock traded up $0.06 on Monday, reaching $147.28. 324,478 shares of the stock were exchanged, compared to its average volume of 1,102,313. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 52.98, a PEG ratio of 2.55 and a beta of 2.02. The business’s 50 day moving average price is $140.26 and its 200 day moving average price is $133.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77. XPO has a twelve month low of $85.06 and a twelve month high of $155.08.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. XPO had a return on equity of 26.14% and a net margin of 4.13%.XPO’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS. As a group, sell-side analysts expect that XPO will post 4.15 earnings per share for the current fiscal year.

Institutional Trading of XPO

A number of hedge funds have recently added to or reduced their stakes in XPO. Capital World Investors increased its holdings in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares during the period. Invesco Ltd. lifted its stake in shares of XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP increased its stake in shares of XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after acquiring an additional 736,224 shares during the period. Orbis Allan Gray Ltd raised its holdings in XPO by 16.8% during the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after purchasing an additional 452,891 shares in the last quarter. Finally, Norges Bank acquired a new stake in XPO in the second quarter valued at about $168,840,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Company Profile

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.