XPO (NYSE:XPO) Price Target Raised to $201.00

XPO (NYSE:XPO) had its target price upped by stock analysts at JPMorgan Chase & Co. from $189.00 to $201.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.23% from the company’s current price.

A number of other analysts have also recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. Citigroup boosted their price objective on shares of XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $180.00 target price on shares of XPO in a report on Thursday, February 5th. Susquehanna lowered XPO from a “positive” rating to a “neutral” rating and boosted their price target for the company from $160.00 to $210.00 in a report on Wednesday, February 11th. Finally, BMO Capital Markets set a $230.00 price objective on XPO in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $182.14.

XPO Trading Up 0.2%

XPO stock traded up $0.39 during midday trading on Tuesday, hitting $194.71. 1,203,677 shares of the company’s stock were exchanged, compared to its average volume of 1,917,601. XPO has a one year low of $85.06 and a one year high of $220.50. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $22.81 billion, a PE ratio of 73.48, a price-to-earnings-growth ratio of 2.44 and a beta of 1.93. The stock’s fifty day moving average price is $173.53 and its 200-day moving average price is $148.41.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $0.89 earnings per share. XPO’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that XPO will post 4.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several hedge funds have recently modified their holdings of the stock. Bayforest Capital Ltd raised its holdings in XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of XPO during the 4th quarter worth approximately $28,000. Root Financial Partners LLC bought a new position in shares of XPO in the third quarter valued at $32,000. Finally, Torren Management LLC acquired a new position in XPO during the fourth quarter worth $37,000. Institutional investors own 97.73% of the company’s stock.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.