XPO (NYSE:XPO) Price Target Raised to $176.00 at Oppenheimer

XPO (NYSE:XPO) had its target price raised by Oppenheimer from $148.00 to $176.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other brokerages have also weighed in on XPO. Susquehanna boosted their price objective on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Stifel Nicolaus upped their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Stephens reissued an “overweight” rating and set a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group decreased their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.31.

XPO Stock Performance

Shares of XPO opened at $156.30 on Thursday. XPO has a 52-week low of $80.26 and a 52-week high of $159.43. 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 firm has a market cap of $18.19 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 2.40 and a beta of 2.08. The business’s 50 day moving average is $136.67 and its two-hundred day moving average is $119.30.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. Analysts forecast that XPO will post 3.62 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Neo Ivy Capital Management acquired a new position in XPO during the 3rd quarter valued at about $534,000. Traynor Capital Management Inc. raised its holdings in XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after purchasing an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its position in XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after purchasing an additional 10,740 shares during the period. Whalen Wealth Management Inc. bought a new position in XPO during the 3rd quarter valued at $706,000. Finally, Westwood Holdings Group Inc. boosted its stake in XPO by 38.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock valued at $21,782,000 after purchasing an additional 57,192 shares in the last quarter. 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.