Raymond James Boosts XPO (NYSE:XPO) Price Target to $145.00

XPO (NYSE:XPO) had its price target upped by Raymond James from $130.00 to $145.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the company. Bank of America boosted their target price on XPO from $137.00 to $139.00 and gave the company a buy rating in a research note on Monday. JPMorgan Chase & Co. boosted their price target on XPO from $97.00 to $122.00 and gave the company an overweight rating in a report on Thursday, February 8th. BMO Capital Markets boosted their price target on XPO from $100.00 to $145.00 and gave the company an outperform rating in a report on Thursday, February 8th. Citigroup boosted their price target on XPO from $100.00 to $135.00 and gave the company a buy rating in a report on Thursday, February 8th. Finally, Oppenheimer boosted their price target on XPO from $130.00 to $140.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, XPO currently has a consensus rating of Moderate Buy and a consensus target price of $111.65.

XPO Trading Down 2.8 %

NYSE XPO opened at $118.88 on Monday. XPO has a 1-year low of $33.73 and a 1-year high of $130.51. 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 stock has a 50-day moving average of $122.34 and a 200-day moving average of $97.03. The firm has a market cap of $13.83 billion, a PE ratio of 73.84, a price-to-earnings-growth ratio of 2.97 and a beta of 2.19.

XPO (NYSE:XPO) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the company posted $0.98 EPS. XPO’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that XPO will post 3.46 EPS for the current year.

Institutional Trading of XPO

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of XPO by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after buying an additional 128,214 shares during the last quarter. BlackRock Inc. grew its stake in shares of XPO by 9.9% in the 1st quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock worth $731,604,000 after buying an additional 906,295 shares during the last quarter. Capital Research Global Investors grew its stake in shares of XPO by 49.9% in the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after buying an additional 3,094,390 shares during the last quarter. MFN Partners Management LP grew its stake in shares of XPO by 68.4% in the 1st quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company’s stock worth $524,187,000 after buying an additional 2,925,000 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after buying an additional 503,388 shares during the last quarter. Hedge funds and other institutional investors 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.