XPO (NYSE:XPO) PT Raised to $126.00

XPO (NYSE:XPO) had its price objective increased by Stifel Nicolaus from $125.00 to $126.00 in a report issued on Monday, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on XPO. Stephens reiterated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lowered their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Finally, Citigroup assumed coverage on XPO in a report on Wednesday, October 9th. They set a “buy” rating and a $127.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $130.41.

XPO Price Performance

Shares of NYSE XPO opened at $109.49 on Monday. The firm has a market cap of $12.74 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.85 and a beta of 2.10. The business’s 50 day moving average is $112.41 and its 200-day moving average is $111.35. 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 1-year low of $65.80 and a 1-year high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the firm earned $0.71 earnings per share. XPO’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts predict that XPO will post 3.54 earnings per share for the current year.

Institutional Investors Weigh In On XPO

A number of institutional investors and hedge funds have recently made changes to their positions in XPO. PNC Financial Services Group Inc. lifted its stake in XPO by 18.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,028 shares of the transportation company’s stock valued at $616,000 after acquiring an additional 1,100 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of XPO in the first quarter valued at about $27,000. Park Avenue Securities LLC bought a new position in shares of XPO during the first quarter valued at about $226,000. Riverview Trust Co purchased a new position in XPO during the first quarter worth about $31,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in XPO in the 1st quarter worth about $263,000. 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.