XPO (NYSE:XPO) Price Target Raised to $179.00

XPO (NYSE:XPO) had its price objective raised by Citigroup from $155.00 to $179.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other analysts have also weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Oppenheimer reissued an “outperform” rating and issued a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Wells Fargo & Company raised their target price on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. Finally, Evercore ISI lowered their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.13.

XPO Price Performance

Shares of XPO stock opened at $148.97 on Tuesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day simple moving average is $117.74 and its 200 day simple moving average is $112.99. XPO has a one year low of $78.72 and a one year high of $156.85. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 48.21, a P/E/G ratio of 2.37 and a beta of 2.07.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, analysts expect that XPO will post 3.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several hedge funds have recently added to or reduced their stakes in XPO. ORG Wealth Partners LLC bought a new stake in shares of XPO in the 3rd quarter valued at about $25,000. Blue Trust Inc. increased its stake in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in XPO in the second quarter worth $28,000. International Assets Investment Management LLC bought a new position in shares of XPO during the second quarter worth $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of XPO in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.