XPO (NYSE:XPO) Price Target Raised to $155.00

XPO (NYSE:XPO) had its price objective hoisted by Citigroup from $127.00 to $155.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

XPO has been the topic of a number of other reports. Bank of America reduced their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price objective on shares of XPO in a report on Friday, October 4th. Susquehanna lifted their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Barclays boosted their target price on XPO from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $138.38.

XPO Price Performance

Shares of XPO stock opened at $130.19 on Thursday. XPO has a 1-year low of $78.01 and a 1-year high of $138.71. The firm’s 50-day moving average price is $112.67 and its two-hundred day moving average price is $111.24. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 42.13, a P/E/G ratio of 2.08 and a beta of 2.07.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, equities analysts predict that XPO will post 3.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently modified their holdings of XPO. Perennial Investment Advisors LLC increased its holdings in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after purchasing an additional 103 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in shares of XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares in the last quarter. Stephens Inc. AR increased its position in shares of XPO by 6.4% in the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after purchasing an additional 142 shares during the period. Resources Management Corp CT ADV lifted its position in XPO by 1.9% during the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after purchasing an additional 145 shares during the period. Finally, PFG Investments LLC grew its stake in XPO by 4.3% during the third quarter. PFG Investments LLC now owns 3,482 shares of the transportation company’s stock worth $374,000 after buying an additional 145 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Company Profile

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.