XPO (NYSE:XPO) Upgraded by Susquehanna to Positive Rating

Susquehanna upgraded shares of XPO (NYSE:XPO) from a neutral rating to a positive rating in a research report sent to investors on Friday morning, Marketbeat reports. Susquehanna currently has $180.00 target price on the transportation company’s stock, up from their prior target price of $155.00.

A number of other research firms also recently issued reports on XPO. Benchmark raised their target price on XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their price objective on XPO from $124.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Stephens reaffirmed an “overweight” rating and set a $165.00 price objective on shares of XPO in a report on Wednesday, December 4th. Barclays reduced their target price on shares of XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, The Goldman Sachs Group upped their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.72.

XPO Price Performance

XPO opened at $148.32 on Friday. XPO has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The firm has a 50-day moving average of $141.29 and a 200 day moving average of $127.70. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $17.26 billion, a P/E ratio of 45.92, a PEG ratio of 1.93 and a beta of 2.12.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, research analysts expect that XPO will post 4.16 EPS for the current year.

Institutional Trading of XPO

Institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp increased its position in shares of XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Neo Ivy Capital Management purchased a new position in XPO in the 3rd quarter worth approximately $534,000. Traynor Capital Management Inc. increased its holdings in shares of XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of XPO during the 4th quarter valued at $423,000. Finally, PCJ Investment Counsel Ltd. lifted its holdings in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares during the last quarter. Hedge funds and other institutional investors 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.