XPO (NYSE:XPO) Price Target Raised to $139.00

XPO (NYSE:XPO) had its target price lifted by Bank of America from $137.00 to $139.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

XPO has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on XPO from $97.00 to $122.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. Oppenheimer upped their price objective on XPO from $130.00 to $140.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Citigroup upped their price objective on XPO from $100.00 to $135.00 and gave the company a buy rating in a research report on Thursday, February 8th. TD Cowen upped their price objective on XPO from $129.00 to $136.00 and gave the company an outperform rating in a research report on Thursday, March 7th. Finally, StockNews.com cut XPO from a hold rating to a sell rating in a research report on Thursday, December 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $111.65.

XPO Stock Performance

Shares of XPO opened at $115.37 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The business’s 50 day moving average price is $122.29 and its 200-day moving average price is $97.16. XPO has a 52 week low of $33.73 and a 52 week high of $130.51. The stock has a market cap of $13.42 billion, a P/E ratio of 71.66, a P/E/G ratio of 2.94 and a beta of 2.19.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping 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 firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that XPO will post 3.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mather Group LLC. purchased a new stake in shares of XPO in the 1st quarter worth $27,000. Riverview Trust Co purchased a new stake in shares of XPO in the 1st quarter worth $31,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of XPO in the 1st quarter worth $37,000. Rise Advisors LLC purchased a new stake in shares of XPO in the 1st quarter worth $37,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. 97.73% of the stock is currently 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.