XPO (NYSE:XPO) Given New $125.00 Price Target at Stifel Nicolaus

XPO (NYSE:XPO) had its target price boosted by Stifel Nicolaus from $120.00 to $125.00 in a research note issued to investors on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on the stock. TD Cowen upped their price target on shares of XPO from $136.00 to $138.00 and gave the stock a buy rating in a research report on Monday, May 6th. Raymond James decreased their price objective on XPO from $135.00 to $130.00 and set an outperform rating for the company in a research note on Monday, June 24th. Evercore ISI cut their target price on XPO from $144.00 to $124.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Wells Fargo & Company initiated coverage on shares of XPO in a report on Friday, June 7th. They set an overweight rating and a $125.00 price objective on the stock. Finally, Oppenheimer raised their price target on XPO from $130.00 to $140.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, XPO presently has an average rating of Moderate Buy and an average price target of $122.95.

XPO Price Performance

Shares of NYSE:XPO traded up $3.96 during trading on Monday, hitting $111.08. 1,402,171 shares of the company’s stock were exchanged, compared to its average volume of 1,498,695. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.00 and a quick ratio of 0.94. XPO has a 52-week low of $65.80 and a 52-week high of $130.51. The business’s 50-day simple moving average is $107.74 and its 200 day simple moving average is $111.93. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 54.72, a PEG ratio of 1.76 and a beta of 2.10.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company posted $0.71 EPS. XPO’s revenue was up 8.5% on a year-over-year basis. As a group, equities analysts predict that XPO will post 3.55 EPS for the current year.

Insider Buying and Selling

In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the sale, the insider now owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now directly owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On XPO

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of XPO during the first quarter worth $27,000. Blue Trust Inc. lifted its holdings in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in XPO by 170.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 211 shares during the period. Riverview Trust Co bought a new position in shares of XPO during the first quarter valued at approximately $31,000. Finally, ORG Partners LLC acquired a new stake in shares of XPO during the 1st quarter worth approximately $36,000. 97.73% of the stock is currently owned by institutional investors.

About XPO

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.