XPO (NYSE:XPO) Price Target Raised to $207.00
by Doug Wharley · The Cerbat GemXPO (NYSE:XPO – Free Report) had its price objective boosted by Citigroup from $205.00 to $207.00 in a research note released on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the transportation company’s stock.
Several other equities research analysts also recently issued reports on the company. UBS Group set a $210.00 price objective on XPO and gave the stock a “buy” rating in a research note on Friday, February 6th. Morgan Stanley reissued an “underweight” rating and issued a $95.00 price objective on shares of XPO in a research note on Thursday, February 5th. Oppenheimer increased their price objective on XPO from $198.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Susquehanna downgraded XPO from a “positive” rating to a “neutral” rating and increased their price objective for the stock from $160.00 to $210.00 in a research note on Wednesday, February 11th. Finally, Wall Street Zen raised XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $183.19.
View Our Latest Research Report on XPO
XPO Trading Up 0.1%
NYSE:XPO opened at $211.96 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO has a 1-year low of $88.50 and a 1-year high of $220.50. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of 79.99, a price-to-earnings-growth ratio of 2.79 and a beta of 1.94. The stock has a fifty day simple moving average of $195.03 and a 200 day simple moving average of $157.99.
XPO (NYSE:XPO – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.XPO’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. Sell-side analysts forecast that XPO will post 4.15 earnings per share for the current year.
Institutional Investors Weigh In On XPO
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bayforest Capital Ltd raised its stake in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. Toth Financial Advisory Corp raised its stake 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 in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of XPO during the 4th quarter worth about $28,000. Root Financial Partners LLC purchased a new stake in shares of XPO during the 3rd quarter worth about $32,000. Finally, Torren Management LLC purchased a new stake in shares of XPO during the 4th quarter worth about $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.
XPO Company Profile
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.