XPO (NYSE:XPO) Price Target Raised to $147.00

XPO (NYSE:XPO) had its price target lifted by stock analysts at Stifel Nicolaus from $124.00 to $147.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 5.63% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Oppenheimer lifted their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and set a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Citigroup increased their price objective on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $155.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $151.06.

XPO Trading Up 1.8 %

Shares of NYSE:XPO traded up $2.45 during midday trading on Thursday, hitting $139.17. 139,438 shares of the stock traded hands, compared to its average volume of 1,457,323. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a one year low of $82.78 and a one year high of $161.00. The business’s 50 day moving average is $143.83 and its two-hundred day moving average is $125.68. The stock has a market capitalization of $16.20 billion, a PE ratio of 44.93, a P/E/G ratio of 1.81 and a beta of 2.11.

XPO (NYSE:XPO) last posted its earnings results 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. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, research analysts forecast that XPO will post 3.58 earnings per share for the current year.

Institutional Trading of XPO

Several hedge funds have recently modified their holdings of XPO. D1 Capital Partners L.P. grew its position in XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after purchasing an additional 2,153,042 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after acquiring an additional 390,320 shares during the last quarter. Holocene Advisors LP raised its stake in XPO by 61.2% in the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock valued at $73,529,000 after purchasing an additional 259,727 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after buying an additional 253,519 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after acquiring an additional 185,686 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.