Wells Fargo & Company Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target hoisted by stock analysts at Wells Fargo & Company from $119.00 to $150.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.92% from the stock’s current price.

Several other equities research analysts have also recently weighed in on XPO. Stifel Nicolaus increased their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Barclays upped their price objective on shares of XPO from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America decreased their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Benchmark restated a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

XPO Stock Performance

NYSE XPO traded down $3.46 during trading on Thursday, reaching $130.53. The company’s stock had a trading volume of 1,516,302 shares, compared to its average volume of 1,479,339. The firm has a 50 day moving average price of $112.40 and a 200 day moving average price of $111.13. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO has a 12 month low of $74.77 and a 12 month high of $138.71. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 43.37, a price-to-earnings-growth ratio of 1.93 and a beta of 2.10.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that XPO will post 3.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Quintet Private Bank Europe S.A. raised its stake in shares of XPO by 4.2% in the third quarter. Quintet Private Bank Europe S.A. now owns 5,071 shares of the transportation company’s stock worth $524,000 after purchasing an additional 205 shares during the last quarter. QRG Capital Management Inc. grew its holdings in XPO by 8.8% during the third quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 322 shares during the period. Stephens Inc. AR increased its holdings in XPO by 6.4% in the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after acquiring an additional 142 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of XPO by 7.5% in the third quarter. Pinnacle Associates Ltd. now owns 6,490 shares of the transportation company’s stock valued at $698,000 after purchasing an additional 450 shares during the period. Finally, Ariston Services Group purchased a new stake in shares of XPO during the 3rd quarter valued at approximately $236,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.