XPO (NYSE:XPO) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

XPO (NYSE:XPO) had its target price lifted by Jefferies Financial Group from $150.00 to $165.00 in a research note published on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

A number of other research firms also recently commented on XPO. Stifel Nicolaus upped their price objective on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Citigroup upped their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $155.00 in a research note on Tuesday. The Goldman Sachs Group boosted their price objective on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.24.

XPO Stock Performance

XPO stock opened at $134.18 on Friday. XPO has a 1 year low of $80.26 and a 1 year high of $161.00. The company’s 50-day moving average is $145.55 and its two-hundred day moving average is $123.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a market cap of $15.62 billion, a PE ratio of 43.42, a PEG ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. Equities analysts anticipate that XPO will post 3.62 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in shares of XPO in the fourth quarter worth $29,000. ORG Wealth Partners LLC acquired a new position in shares of XPO during the 3rd quarter worth about $25,000. Quest Partners LLC bought a new position in shares of XPO in the 2nd quarter valued at about $28,000. UMB Bank n.a. increased its position in shares of XPO by 356.6% in the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in XPO during the third quarter worth about $57,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.