XPO (NYSE:XPO) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of XPO (NYSE:XPO) from a hold rating to a strong sell rating in a research report released on Wednesday,Zacks.com reports.

XPO has been the subject of several other research reports. Evercore ISI reiterated an “in-line” rating and issued a $148.00 target price (down previously from $151.00) on shares of XPO in a research note on Monday. TD Cowen lifted their price objective on shares of XPO from $141.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Morgan Stanley boosted their target price on shares of XPO from $83.00 to $90.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Citigroup lowered XPO from a “buy” rating to a “neutral” rating and raised their price target for the stock from $164.00 to $171.00 in a report on Wednesday, January 7th. Finally, Barclays lifted their price target on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average target price of $152.62.

XPO Stock Performance

Shares of XPO opened at $154.18 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 2.70 and a beta of 2.02. The stock has a 50 day moving average of $140.86 and a 200 day moving average of $134.02. XPO has a 12 month low of $85.06 and a 12 month high of $155.16.

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

Institutional Trading of XPO

Large investors have recently modified their holdings of the business. Bayforest Capital Ltd raised its stake in XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of XPO in the 2nd quarter worth $26,000. Root Financial Partners LLC purchased a new stake in shares of XPO during the 3rd quarter valued at $32,000. Horizon Investments LLC bought a new stake in shares of XPO during the 3rd quarter worth $39,000. Finally, EverSource Wealth Advisors LLC grew its position in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

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.