XPO (NYSE:XPO) Price Target Raised to $160.00 at Benchmark

XPO (NYSE:XPO) had its target price boosted by Benchmark from $155.00 to $160.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on the company. Susquehanna raised XPO from a “neutral” rating to a “positive” rating and increased their price objective for the company from $155.00 to $180.00 in a research report on Friday. Barclays reduced their price target on shares of XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Jefferies Financial Group raised their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Oppenheimer increased their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Raymond James dropped their price target on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.72.

XPO Stock Up 1.0 %

NYSE:XPO opened at $148.32 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $17.26 billion, a P/E ratio of 45.92, a P/E/G ratio of 1.93 and a beta of 2.12. XPO has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The firm has a 50-day simple moving average of $141.29 and a two-hundred day simple moving average of $127.70.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts predict that XPO will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Versant Capital Management Inc purchased a new stake in XPO during the 4th quarter valued at approximately $29,000. ORG Wealth Partners LLC bought a new position in shares of XPO during the third quarter worth $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. grew its stake in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

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.