XPO (NYSE:XPO) Stock Price Expected to Rise, TD Cowen Analyst Says

by · The Cerbat Gem

XPO (NYSE:XPO – Get Free Report) had its target price hoisted by stock analysts at TD Cowen from $141.00 to $158.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective would suggest a potential upside of 8.61% from the company’s current price.

Other research analysts also recently issued research reports about the company. Citigroup downgraded XPO from a “buy” rating to a “neutral” rating and upped their price objective for the company from $164.00 to $171.00 in a research note on Wednesday. Morgan Stanley lifted their target price on shares of XPO from $83.00 to $90.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Evercore ISI raised their price objective on shares of XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Truist Financial set a $145.00 target price on XPO in a research report on Tuesday, October 14th. Finally, Benchmark reiterated a “buy” rating on shares of XPO in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.57.

View Our Latest Report on XPO

XPO Stock Up 1.1%

Shares of XPO stock traded up $1.62 on Friday, hitting $145.47. The stock had a trading volume of 371,110 shares, compared to its average volume of 1,135,216. The business has a 50 day moving average of $139.94 and a 200 day moving average of $133.20. XPO has a 12-month low of $85.06 and a 12-month high of $155.08. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 52.39, a price-to-earnings-growth ratio of 2.33 and a beta of 2.02. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The firm had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. As a group, analysts expect that XPO will post 4.15 EPS for the current year.

Hedge Funds Weigh In On XPO

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in XPO by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,163 shares of the transportation company’s stock worth $2,197,000 after buying an additional 195 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of XPO by 4.7% in the fourth quarter. Oliver Luxxe Assets LLC now owns 23,852 shares of the transportation company’s stock worth $3,242,000 after acquiring an additional 1,064 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of XPO by 20.0% during the 4th quarter. GAMMA Investing LLC now owns 2,574 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 429 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in XPO by 2.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 30,828 shares of the transportation company’s stock worth $3,985,000 after purchasing an additional 604 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in XPO by 77.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 5,429 shares of the transportation company’s stock valued at $702,000 after acquiring an additional 2,374 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

About XPO

(Get Free Report)

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.

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