XPO (NYSE:XPO) Price Target Raised to $160.00 at Susquehanna

XPO (NYSE:XPO) had its target price hoisted by Susquehanna from $145.00 to $160.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 44.39% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Raymond James lowered their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. lowered their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. TD Cowen reduced their price objective on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Evercore ISI lowered their price objective on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, Benchmark reiterated a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.18.

XPO Trading Up 1.3 %

Shares of XPO stock opened at $110.81 on Wednesday. The stock’s 50-day moving average price is $112.72 and its 200-day moving average price is $113.48. XPO has a 12-month low of $65.80 and a 12-month high of $130.51. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 1.72 and a beta of 2.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts predict that XPO will post 3.6 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Several large investors have recently added to or reduced their stakes in XPO. Capital Research Global Investors raised its stake in shares of XPO by 49.9% during the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after acquiring an additional 3,094,390 shares in the last quarter. D1 Capital Partners L.P. bought a new stake in XPO during the 2nd quarter valued at $271,532,000. Norges Bank purchased a new stake in shares of XPO in the 4th quarter worth $79,592,000. Clearbridge Investments LLC grew its position in shares of XPO by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after buying an additional 560,079 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of XPO by 13.1% during the fourth quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock valued at $380,945,000 after buying an additional 503,388 shares during the period. 97.73% of the stock is owned by hedge funds and other 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.