XPO (NYSE:XPO) PT Raised to $145.00 at Raymond James

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

Other equities analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on XPO from $100.00 to $145.00 and gave the stock an outperform rating in a research note on Thursday, February 8th. Bank of America upped their price objective on XPO from $137.00 to $139.00 and gave the company a buy rating in a research note on Monday. Morgan Stanley downgraded XPO from an equal weight rating to an underweight rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Monday, February 12th. TD Cowen upped their price objective on XPO from $129.00 to $136.00 and gave the company an outperform rating in a research note on Thursday, March 7th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $111.65.

XPO Price Performance

Shares of NYSE XPO opened at $115.37 on Monday. XPO has a twelve month low of $33.73 and a twelve month high of $130.51. The stock’s 50 day moving average price is $122.29 and its 200-day moving average price is $97.16. The company has a market capitalization of $13.42 billion, a PE ratio of 71.66, a PEG ratio of 2.94 and a beta of 2.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that XPO will post 3.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of XPO by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after purchasing an additional 128,214 shares during the period. BlackRock Inc. increased its holdings in shares of XPO by 9.9% in the first quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock worth $731,604,000 after purchasing an additional 906,295 shares during the period. Capital Research Global Investors increased its holdings in shares of XPO by 49.9% in the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after purchasing an additional 3,094,390 shares during the period. MFN Partners Management LP increased its holdings in shares of XPO by 68.4% in the first quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company’s stock worth $524,187,000 after purchasing an additional 2,925,000 shares during the period. Finally, Capital World Investors increased its holdings in shares of XPO by 13.1% in the fourth quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after purchasing an additional 503,388 shares during the period. Institutional investors own 97.73% of the company’s stock.

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.