XPO (NYSE:XPO) Price Target Raised to $155.00

XPO (NYSE:XPO) had its price objective increased by Benchmark from $150.00 to $155.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the transportation company’s stock.

Other analysts have also issued reports about the stock. Evercore ISI reduced their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company reduced their target price on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Citigroup lifted their price target on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Susquehanna cut 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, January 7th. Finally, The Goldman Sachs Group lifted their target price 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, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $149.71.

XPO Trading Down 0.5 %

NYSE:XPO opened at $137.82 on Wednesday. XPO has a 52 week low of $81.19 and a 52 week high of $161.00. The company’s 50 day moving average price is $144.69 and its 200-day moving average price is $124.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.70 and a beta of 2.11.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The company 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 firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. On average, equities research analysts forecast that XPO will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of XPO

A number of institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp boosted its position in shares of XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new stake in shares of XPO during the 3rd quarter worth approximately $534,000. Traynor Capital Management Inc. boosted its holdings in XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after acquiring an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. grew its position in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in XPO by 36.2% in the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after purchasing an additional 185,686 shares during the period. 97.73% of the stock is currently owned by institutional investors.

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.