XPO (NYSE:XPO) Price Target Raised to $150.00

XPO (NYSE:XPO) had its price target boosted by TD Cowen from $137.00 to $150.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 15.22% from the stock’s previous close.

Several other research firms also recently weighed in on XPO. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Wells Fargo & Company lowered their target price on XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Bank of America reduced their price target on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Evercore ISI lowered their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.38.

XPO Stock Performance

XPO stock opened at $130.19 on Thursday. The company has a market cap of $15.15 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 2.19 and a beta of 2.10. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.00. XPO has a 1 year low of $78.01 and a 1 year high of $138.71. The stock’s fifty day moving average price is $112.67 and its 200-day moving average price is $111.32.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the company posted $0.88 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that XPO will post 3.53 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in XPO. Traynor Capital Management Inc. boosted its position in shares of XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after acquiring an additional 13,422 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in XPO by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after purchasing an additional 1,712 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of XPO by 38.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after buying an additional 57,192 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of XPO by 595.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock valued at $2,718,000 after buying an additional 21,889 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of XPO by 10.8% in the 1st quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock valued at $6,654,000 after acquiring an additional 5,336 shares during the last quarter. Hedge funds and other 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.