XPO (NYSE:XPO) Given New $170.00 Price Target at Barclays

XPO (NYSE:XPO) had its target price boosted by Barclays from $150.00 to $170.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the stock. Bank of America dropped their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Stephens reaffirmed an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Wells Fargo & Company upped their price target on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.13.

XPO Trading Down 2.1 %

Shares of XPO stock opened at $145.79 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $16.97 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.34 and a beta of 2.07. The company has a 50-day moving average of $119.54 and a two-hundred day moving average of $113.48. XPO has a 1-year low of $78.72 and a 1-year high of $156.85.

XPO (NYSE:XPO) last announced its quarterly earnings data 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 net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that XPO will post 3.62 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Perennial Investment Advisors LLC grew its holdings in XPO by 5.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after buying an additional 103 shares during the period. CIBC Asset Management Inc boosted its holdings in XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after acquiring an additional 116 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position 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 acquiring an additional 126 shares during the period. Stephens Inc. AR increased its stake in XPO by 6.4% during 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 during the last quarter. Finally, Resources Management Corp CT ADV raised its holdings in shares of XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after purchasing an additional 145 shares during the period. 97.73% of the stock is currently owned by hedge funds and other 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.