Jefferies Financial Group Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target raised by Jefferies Financial Group from $150.00 to $165.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other analysts also recently commented on the company. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. The Goldman Sachs Group raised their target price on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Stephens reissued an “overweight” rating and issued a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. TD Cowen raised their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Evercore ISI lowered their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average price target of $149.24.

XPO Trading Down 2.2 %

Shares of XPO stock opened at $134.18 on Friday. XPO has a 1 year low of $80.26 and a 1 year high of $161.00. The company’s fifty day simple moving average is $145.55 and its 200-day simple moving average is $123.80. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 2.37 and a beta of 2.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that XPO will post 3.62 EPS for the current year.

Hedge Funds Weigh In On XPO

Several institutional investors have recently bought and sold shares of the business. Perennial Investment Advisors LLC increased its stake in shares of XPO by 5.5% in the second 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 in the last quarter. Coldstream Capital Management Inc. increased its position in XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 107 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after acquiring an additional 116 shares during the last quarter. Stephens Inc. AR lifted its position in shares of 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 purchasing an additional 142 shares in the last quarter. Finally, Resources Management Corp CT ADV grew its stake in shares of XPO by 1.9% during the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after purchasing an additional 145 shares during the last quarter. Institutional investors 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.