Stifel Nicolaus Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price objective upped by equities researchers at Stifel Nicolaus from $124.00 to $147.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential upside of 5.63% from the company’s current price.

XPO has been the topic of a number of other reports. Citigroup boosted their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TD Cowen upped their target price on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark boosted their price objective on XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. increased their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Stephens restated an “overweight” rating and set a $165.00 price objective on shares of XPO in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus price target of $151.06.

XPO Stock Up 1.8 %

Shares of XPO traded up $2.45 during midday trading on Thursday, hitting $139.17. The company had a trading volume of 139,438 shares, compared to its average volume of 1,457,323. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a 52 week low of $82.78 and a 52 week high of $161.00. The company’s 50 day moving average price is $143.83 and its 200 day moving average price is $125.68. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.81 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 the consensus estimate 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 return on equity of 31.16% and a net margin of 4.57%. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. On average, equities research analysts predict that XPO will post 3.58 EPS for the current year.

Institutional Investors Weigh In On XPO

A number of institutional investors and hedge funds have recently modified their holdings of XPO. D1 Capital Partners L.P. grew its position in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares during the period. The Manufacturers Life Insurance Company boosted its position in XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares during the last quarter. Holocene Advisors LP lifted its stake in XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock valued at $73,529,000 after acquiring an additional 259,727 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after buying an additional 185,686 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

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.