Benchmark Raises XPO (NYSE:XPO) Price Target to $140.00

XPO (NYSE:XPO) had its price target increased by Benchmark from $125.00 to $140.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms have also recently commented on XPO. Bank of America boosted their price target on XPO from $137.00 to $139.00 and gave the stock a buy rating in a research note on Monday. Citigroup upped their price objective on XPO from $100.00 to $135.00 and gave the company a buy rating in a research note on Thursday, February 8th. Susquehanna upped their price objective on XPO from $100.00 to $140.00 and gave the company a positive rating in a research note on Thursday, February 8th. The Goldman Sachs Group upped their price objective on XPO from $98.00 to $126.00 and gave the company a buy rating in a research note on Thursday, February 8th. Finally, Oppenheimer upped their price objective on XPO from $130.00 to $140.00 and gave the company an outperform rating in a research note on Wednesday, April 10th. Two equities 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 company. According to data from MarketBeat.com, XPO has an average rating of Moderate Buy and an average price target of $111.65.

XPO Trading Down 3.1 %

NYSE:XPO opened at $115.37 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO has a one year low of $33.73 and a one year high of $130.51. The business’s 50-day simple moving average is $122.29 and its 200 day simple moving average is $97.16. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 71.66, a price-to-earnings-growth ratio of 2.94 and a beta of 2.19.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. As a group, sell-side analysts predict that XPO will post 3.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XPO. Money Concepts Capital Corp grew its holdings in shares of XPO by 673.0% in the 4th quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 673 shares in the last quarter. Mather Group LLC. bought a new position in shares of XPO in the 1st quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. lifted its stake in XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 211 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in XPO in the 3rd quarter valued at about $31,000. Finally, Riverview Trust Co acquired a new stake in XPO in the 1st quarter valued at about $31,000. Institutional investors and hedge funds 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.