Barclays Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO) had its price target boosted by equities researchers at Barclays from $145.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential upside of 13.28% from the stock’s current price.

A number of other research analysts have also recently commented on XPO. The Goldman Sachs Group reduced their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. 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. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Stifel Nicolaus increased their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company dropped their price objective on XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $132.35.

XPO Trading Down 1.2 %

Shares of XPO stock traded down $1.58 during mid-day trading on Thursday, hitting $132.41. 478,231 shares of the stock were exchanged, compared to its average volume of 1,476,943. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 1.93 and a beta of 2.10. XPO has a twelve month low of $74.77 and a twelve month high of $138.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a 50-day simple moving average of $112.40 and a 200 day simple moving average of $111.13.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 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 for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm posted $0.88 earnings per share. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts forecast that XPO will post 3.52 EPS for the current year.

Institutional Investors Weigh In On XPO

Several institutional investors have recently modified their holdings of XPO. Allspring Global Investments Holdings LLC increased its stake in shares of XPO by 10.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,754 shares of the transportation company’s stock valued at $702,000 after acquiring an additional 554 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in XPO in the first quarter worth $272,000. Private Advisor Group LLC boosted its position in shares of XPO by 4.9% during the first quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock worth $465,000 after purchasing an additional 179 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of XPO by 548.0% in the 1st quarter. BNP Paribas Financial Markets now owns 66,450 shares of the transportation company’s stock valued at $8,109,000 after buying an additional 56,196 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of XPO by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 1,712 shares during the period. 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.