Barclays Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price objective upped by Barclays from $150.00 to $170.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company lifted their price target on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI reduced their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Oppenheimer reissued an “outperform” rating and issued a $140.00 price target on shares of XPO in a research note on Friday, October 4th. Stifel Nicolaus boosted their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Stephens reiterated an “overweight” rating and set a $150.00 price objective on shares of XPO in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.13.

XPO Stock Down 1.3 %

Shares of XPO stock opened at $149.50 on Wednesday. The business has a fifty day simple moving average of $117.02 and a 200 day simple moving average of $112.73. The stock has a market cap of $17.40 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 2.37 and a beta of 2.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a 12 month low of $78.72 and a 12 month high of $156.85.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. Research analysts predict that XPO will post 3.62 EPS for the current year.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Traynor Capital Management Inc. lifted its position in shares of XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after buying an additional 13,422 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in XPO by 38.6% during the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after purchasing an additional 57,192 shares during the period. Hsbc Holdings PLC boosted its position in XPO by 595.5% during the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after purchasing an additional 21,889 shares during the period. Comerica Bank increased its holdings in shares of XPO by 10.8% in the first quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock valued at $6,654,000 after purchasing an additional 5,336 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of XPO by 46.2% in the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock valued at $5,308,000 after purchasing an additional 15,795 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.