XPO (NYSE:XPO) Price Target Raised to $170.00

XPO (NYSE:XPO) had its price target lifted by stock analysts at Barclays from $150.00 to $170.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential upside of 14.12% from the company’s current price.

Several other brokerages have also recently issued reports on XPO. JPMorgan Chase & Co. cut their target price on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Oppenheimer reiterated an “outperform” rating and set a $140.00 target price on shares of XPO in a report on Friday, October 4th. Citigroup boosted their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Susquehanna increased their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.13.

XPO Stock Performance

XPO stock opened at $148.97 on Wednesday. The firm has a fifty day simple moving average of $117.74 and a two-hundred day simple moving average of $112.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a twelve month low of $78.72 and a twelve month high of $156.85. The company has a market capitalization of $17.34 billion, a PE ratio of 48.21, a P/E/G ratio of 2.37 and a beta of 2.07.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company posted $0.88 EPS. XPO’s revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts expect that XPO will post 3.62 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XPO. Perennial Investment Advisors LLC increased its stake in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 103 shares in the last quarter. CIBC Asset Management Inc increased its position in XPO by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after buying an additional 116 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in XPO by 9.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after buying an additional 126 shares during the last quarter. Stephens Inc. AR boosted its holdings in XPO by 6.4% in the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after acquiring an additional 142 shares in the last quarter. Finally, Resources Management Corp CT ADV grew its stake in shares of XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after acquiring an additional 145 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

About XPO

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.