Bank of America Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

by · The Cerbat Gem

XPO (NYSE:XPO – Get Free Report) had its price target hoisted by analysts at Bank of America from $151.00 to $158.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price points to a potential upside of 10.29% from the stock’s current price.

Other research analysts have also issued reports about the stock. Truist Financial set a $145.00 price objective on shares of XPO in a report on Tuesday, October 14th. Cowen reiterated a “buy” rating on shares of XPO in a report on Friday, October 31st. TD Cowen upped their price objective on XPO from $131.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of XPO from $144.00 to $166.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Rothschild & Co Redburn assumed coverage on XPO in a report on Wednesday, November 26th. They issued a “buy” rating and a $156.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus target price of $149.23.

Read Our Latest Stock Analysis on XPO

XPO Trading Up 0.8%

Shares of XPO stock opened at $143.26 on Tuesday. The business has a fifty day simple moving average of $132.93 and a 200-day simple moving average of $128.89. The stock has a market cap of $16.82 billion, a P/E ratio of 49.57, a P/E/G ratio of 2.51 and a beta of 2.03. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of ($2,243.00) million during the quarter. On average, analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Allison Landry sold 3,250 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the sale, the director directly owned 5,875 shares of the company’s stock, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On XPO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors lifted its position in shares of XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the last quarter. Invesco Ltd. raised its stake in XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after buying an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP lifted its holdings in XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after buying an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd grew its position in shares of XPO by 16.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after acquiring an additional 452,891 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of XPO by 17.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock valued at $223,052,000 after acquiring an additional 306,928 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

(Get Free Report)

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.

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