XPO (NYSE:XPO) Price Target Raised to $179.00 at Citigroup

XPO (NYSE:XPO) had its target price boosted by Citigroup from $155.00 to $179.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on XPO. Bank of America dropped their price objective on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group reduced their price objective on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stephens reiterated an “overweight” rating and set a $150.00 target price on shares of XPO in a research report on Thursday, September 5th. TD Cowen raised their price target on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price objective on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.88.

XPO Price Performance

XPO stock opened at $151.42 on Tuesday. The firm has a market cap of $17.63 billion, a P/E ratio of 49.17, a P/E/G ratio of 2.38 and a beta of 2.07. The stock’s 50 day moving average is $116.25 and its 200 day moving average is $112.44. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO has a one year low of $78.72 and a one year high of $156.85.

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

Hedge Funds Weigh In On XPO

A number of hedge funds have recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of XPO by 9.8% during the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after purchasing an additional 912,544 shares in the last quarter. Capital World Investors lifted its position in shares of XPO by 3.3% during the 1st quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after buying an additional 142,908 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in shares of XPO in the 2nd quarter worth approximately $271,532,000. Clearbridge Investments LLC grew its holdings in shares of XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in XPO by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after acquiring an additional 10,318 shares during the period. 97.73% of the stock is owned by hedge funds and other 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.