Benchmark Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO) had its price target lifted by Benchmark from $130.00 to $140.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Benchmark’s price target indicates a potential upside of 9.00% from the stock’s current price.

A number of other equities analysts have also issued reports on XPO. Bank of America increased their price target on XPO from $139.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Barclays increased their price target on XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Susquehanna increased their price target on XPO from $138.00 to $145.00 and gave the company a “positive” rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on XPO from $121.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Finally, Oppenheimer increased their price target on XPO from $126.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, July 7th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.00.

XPO Stock Up 0.1%

XPO opened at $128.44 on Tuesday. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $15.13 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.46 and a beta of 1.93. The stock’s 50 day moving average price is $123.36 and its 200 day moving average price is $120.72.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, research analysts predict that XPO will post 4.15 earnings per share for the current year.

XPO announced that its board has initiated a share repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of XPO

A number of institutional investors have recently bought and sold shares of the company. Dakota Wealth Management boosted its position in XPO by 8.4% during the second quarter. Dakota Wealth Management now owns 11,961 shares of the transportation company’s stock valued at $1,511,000 after purchasing an additional 930 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in XPO by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 36,298 shares of the transportation company’s stock valued at $4,584,000 after purchasing an additional 374 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in XPO by 1.8% during the second quarter. Oliver Luxxe Assets LLC now owns 21,387 shares of the transportation company’s stock valued at $2,701,000 after purchasing an additional 369 shares during the last quarter. GAMMA Investing LLC boosted its position in XPO by 4.4% during the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 78 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in XPO by 63.2% during the second quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Company Profile

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.