Bank of America Boosts XPO (NYSE:XPO) Price Target to $246.00

XPO (NYSE:XPO) had its price target raised by investment analysts at Bank of America from $244.00 to $246.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price would indicate a potential upside of 12.35% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Susquehanna boosted their target price on shares of XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of XPO in a research report on Friday, February 6th. Stifel Nicolaus set a $237.00 target price on shares of XPO in a research report on Friday, May 1st. Benchmark boosted their target price on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.52.

XPO Trading Up 0.9%

NYSE:XPO opened at $218.96 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day moving average of $208.69 and a 200-day moving average of $179.25. The company has a market cap of $25.71 billion, a PE ratio of 74.98, a PEG ratio of 2.54 and a beta of 1.83. XPO has a one year low of $112.93 and a one year high of $231.46.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. As a group, equities research analysts expect that XPO will post 4.84 EPS for the current fiscal year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after purchasing an additional 49 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in XPO by 13.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 60 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares during the last quarter. UMB Bank n.a. boosted its stake in XPO by 4.4% in the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 63 shares during the last quarter. Finally, Root Financial Partners LLC boosted its stake in XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 63 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.