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

XPO (NYSE:XPO) had its price target hoisted by Barclays from $150.00 to $170.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on XPO. The Goldman Sachs Group decreased their price objective on XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Citigroup raised their price target on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday. Susquehanna lifted their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Wells Fargo & Company increased their target price on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.13.

XPO Price Performance

Shares of NYSE:XPO opened at $145.78 on Wednesday. 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 firm has a market cap of $16.97 billion, a price-to-earnings ratio of 47.18, a P/E/G ratio of 2.34 and a beta of 2.07. XPO has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The firm has a fifty day moving average price of $118.66 and a 200 day moving average price of $113.24.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new position in XPO during the 1st quarter valued at about $312,000. US Bancorp DE raised its stake in XPO by 0.9% in the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after buying an additional 154 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in XPO by 13.2% during the first quarter. Bleakley Financial Group LLC now owns 3,206 shares of the transportation company’s stock worth $391,000 after buying an additional 374 shares during the period. SageView Advisory Group LLC lifted its stake in shares of XPO by 114.1% during the 1st quarter. SageView Advisory Group LLC now owns 8,186 shares of the transportation company’s stock worth $999,000 after purchasing an additional 4,362 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of XPO by 3.6% in the 1st quarter. First Eagle Investment Management LLC now owns 8,600 shares of the transportation company’s stock valued at $1,049,000 after buying an additional 300 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

About XPO

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.