XPO (NYSE:XPO) Price Target Raised to $228.00

XPO (NYSE:XPO) had its target price increased by Oppenheimer from $198.00 to $228.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. Stephens reaffirmed an “overweight” rating and set a $170.00 price target on shares of XPO in a research note on Tuesday, January 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $180.00 price objective on shares of XPO in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their target price on shares of XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Zacks Research upgraded shares of XPO from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and raised their price target for the company from $160.00 to $210.00 in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $181.57.

XPO Stock Performance

XPO opened at $206.09 on Tuesday. The business has a 50 day moving average price of $171.48 and a two-hundred day moving average price of $147.26. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 77.77, a price-to-earnings-growth ratio of 2.78 and a beta of 1.94. XPO has a 1-year low of $85.06 and a 1-year high of $220.50.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Research analysts predict that XPO will post 4.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bayforest Capital Ltd increased its stake in shares of XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the period. Toth Financial Advisory Corp increased its position in XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Elyxium Wealth LLC bought a new stake in XPO during the 4th quarter worth about $28,000. Root Financial Partners LLC acquired a new position in XPO during the 3rd quarter valued at about $32,000. Finally, Torren Management LLC bought a new position in shares of XPO in the 4th quarter valued at about $37,000. 97.73% of the stock is owned by institutional investors.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.