XPO (NYSE:XPO) PT Raised to $145.00

XPO (NYSE:XPO) had its price objective increased by Raymond James from $130.00 to $145.00 in a research note published on Monday, Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Bank of America lifted their price target on shares of XPO from $137.00 to $139.00 and gave the company a buy rating in a research note on Monday. Morgan Stanley downgraded shares of XPO from an equal weight rating to an underweight rating and lifted their price target for the company from $75.00 to $80.00 in a research note on Monday, February 12th. BMO Capital Markets lifted their price objective on shares of XPO from $100.00 to $145.00 and gave the company an outperform rating in a report on Thursday, February 8th. Oppenheimer lifted their price objective on shares of XPO from $130.00 to $140.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Finally, Susquehanna lifted their price objective on shares of XPO from $100.00 to $140.00 and gave the company a positive rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $111.65.

XPO Stock Down 2.8 %

Shares of NYSE XPO opened at $118.88 on Monday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $13.83 billion, a P/E ratio of 73.84, a PEG ratio of 2.97 and a beta of 2.19. XPO has a 1 year low of $33.73 and a 1 year high of $130.51. The firm has a 50-day simple moving average of $122.34 and a two-hundred day simple moving average of $97.03.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that XPO will post 3.46 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently made changes to their positions in XPO. Flputnam Investment Management Co. lifted its position in XPO by 1.9% during the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock valued at $580,000 after purchasing an additional 145 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in XPO by 3.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,683 shares of the transportation company’s stock valued at $410,000 after purchasing an additional 147 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of XPO by 1.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after acquiring an additional 160 shares during the period. CWM LLC raised its position in shares of XPO by 25.2% in the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after acquiring an additional 160 shares during the period. Finally, M&T Bank Corp raised its position in shares of XPO by 3.1% in the third quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock worth $408,000 after acquiring an additional 165 shares during the period. 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.