XPO (NYSE:XPO) Given New $138.00 Price Target at TD Cowen

XPO (NYSE:XPO) had its target price boosted by research analysts at TD Cowen from $136.00 to $138.00 in a report released on Monday, Briefing.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective would suggest a potential upside of 22.60% from the stock’s previous close.

A number of other research firms have also issued reports on XPO. Morgan Stanley lowered shares of XPO from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $75.00 to $80.00 in a report on Monday, February 12th. Raymond James boosted their price target on shares of XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Citigroup boosted their price target on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 8th. The Goldman Sachs Group boosted their price target on shares of XPO from $98.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Susquehanna boosted their price target 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $111.75.

XPO Stock Up 3.3 %

NYSE XPO opened at $112.56 on Monday. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 1.00. The company’s 50 day simple moving average is $120.80 and its 200 day simple moving average is $100.34. XPO has a 12 month low of $45.24 and a 12 month high of $130.51. The company has a market capitalization of $13.09 billion, a P/E ratio of 55.18, a PEG ratio of 2.69 and a beta of 2.17.

XPO (NYSE:XPO) last released its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts expect that XPO will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of XPO

Large investors have recently modified their holdings of the company. Dorsey Wright & Associates bought a new stake in shares of XPO during the 3rd quarter worth $1,252,000. Lisanti Capital Growth LLC boosted its holdings in XPO by 527.2% in the 3rd quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company’s stock valued at $6,753,000 after purchasing an additional 76,025 shares during the period. Deutsche Bank AG boosted its holdings in XPO by 12,894.9% in the 3rd quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock valued at $97,359,000 after purchasing an additional 1,294,002 shares during the period. PNC Financial Services Group Inc. boosted its holdings in XPO by 11.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 586 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in XPO by 2.7% in the 4th quarter. New York State Teachers Retirement System now owns 123,804 shares of the transportation company’s stock valued at $10,844,000 after purchasing an additional 3,207 shares during the period. 97.73% of the stock is owned by institutional investors.

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.