XPO (NYSE:XPO) PT Raised to $140.00

XPO (NYSE:XPO) had its target price increased by research analysts at Benchmark from $125.00 to $140.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s price target points to a potential upside of 17.77% from the stock’s current price.

A number of other research firms have also recently issued reports on XPO. The Goldman Sachs Group increased their price objective on shares of XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Oppenheimer raised their price target on shares of XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. TD Cowen raised their price target on shares of XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets raised their price target on shares of XPO from $100.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Citigroup raised their price target on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $111.65.

XPO Price Performance

XPO stock opened at $118.88 on Tuesday. The stock has a market capitalization 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. The company’s 50-day moving average is $122.34 and its 200-day moving average is $97.03. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO has a 1 year low of $33.73 and a 1 year high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Equities research analysts expect that XPO will post 3.46 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Several large investors have recently modified their holdings of XPO. Money Concepts Capital Corp increased its stake in shares of XPO by 673.0% during the 4th quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock worth $26,000 after purchasing an additional 673 shares during the last quarter. Mather Group LLC. bought a new position in XPO in the 1st quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 buying an additional 211 shares during the period. International Assets Investment Management LLC bought a new position in XPO in the 3rd quarter worth approximately $31,000. Finally, Riverview Trust Co bought a new position in XPO in the 1st quarter worth approximately $31,000. 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.