XPO (NYSE:XPO) PT Raised to $140.00

XPO (NYSE:XPO) had its price target increased by research analysts at Benchmark from $125.00 to $140.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s price objective suggests a potential upside of 17.77% from the company’s current price.

A number of other research firms have also recently issued reports on XPO. BMO Capital Markets increased their target price on XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Oppenheimer increased their target price on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Susquehanna increased their target price on XPO from $100.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Finally, Raymond James increased their target price on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.65.

XPO Stock Performance

Shares of XPO stock opened at $118.88 on Tuesday. The company has a market capitalization of $13.83 billion, a PE ratio of 73.84, a PEG ratio of 2.97 and a beta of 2.19. XPO has a 12 month low of $33.73 and a 12 month high of $130.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock’s fifty day simple moving average is $122.34 and its 200 day simple moving average is $97.03.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, research analysts predict that XPO will post 3.46 EPS for the current year.

Institutional Investors Weigh In On XPO

Hedge funds have recently bought and sold shares of the stock. Money Concepts Capital Corp lifted its position in XPO by 673.0% during the fourth quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock worth $26,000 after acquiring an additional 673 shares during the last quarter. Mather Group LLC. acquired a new stake in XPO during the first quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. lifted its position in XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after acquiring an additional 211 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in XPO during the third quarter worth approximately $31,000. Finally, Riverview Trust Co acquired a new stake in shares of XPO in the first quarter valued at approximately $31,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.