XPO (NYSE:XPO) Price Target Raised to $170.00

XPO (NYSE:XPO) had its price target hoisted by research analysts at UBS Group from $159.00 to $170.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would indicate a potential upside of 17.97% from the stock’s current price.

XPO has been the subject of several other reports. Jefferies Financial Group upped their price target on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. TD Cowen lifted their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $155.00 to $180.00 in a research report on Friday. Finally, The Goldman Sachs Group boosted their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $153.50.

XPO Price Performance

XPO stock traded down $2.81 during midday trading on Friday, hitting $144.11. 270,995 shares of the stock were exchanged, compared to its average volume of 1,505,942. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 46.67, a PEG ratio of 1.75 and a beta of 2.12. XPO has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The stock’s 50-day moving average price is $141.29 and its 200-day moving average price is $127.70.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.57% and a return on equity of 31.16%. Research analysts predict that XPO will post 3.58 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Several hedge funds have recently modified their holdings of XPO. Larson Financial Group LLC lifted its holdings in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after acquiring an additional 76 shares during the period. UMB Bank n.a. grew its stake in shares of XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 86 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock worth $245,000 after buying an additional 107 shares in the last quarter. Greenleaf Trust lifted its position in shares of XPO by 5.0% during the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock worth $311,000 after buying an additional 114 shares during the period. Finally, CIBC Asset Management Inc grew its position in XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after acquiring an additional 116 shares during the period. 97.73% of the stock is 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.