XPO (NYSE:XPO - Get Free Report) had its price objective hoisted by equities research analysts at Benchmark from $155.00 to $160.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Benchmark's price objective indicates a potential upside of 8.03% from the stock's previous close.
XPO has been the topic of several other research reports. Raymond James decreased their price target on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday. The Goldman Sachs Group boosted their price target on shares of XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Stifel Nicolaus boosted their price target on shares of XPO from $124.00 to $147.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Stephens reiterated an "overweight" rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group boosted their price target on shares of XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $156.35.
Check Out Our Latest Stock Analysis on XPO
XPO Price Performance
Shares of XPO traded up $1.62 during trading hours on Friday, reaching $148.10. 1,006,759 shares of the stock traded hands, compared to its average volume of 1,531,702. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a 52-week low of $97.03 and a 52-week high of $161.00. The company's 50-day moving average price is $141.04 and its two-hundred day moving average price is $128.41. The company has a market cap of $17.24 billion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12.
XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, analysts anticipate that XPO will post 4.16 earnings per share for the current year.
Hedge Funds Weigh In On XPO
Several hedge funds have recently added to or reduced their stakes in the company. D1 Capital Partners L.P. increased its position in shares of XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in XPO during the 4th quarter valued at $163,938,000. Life Planning Partners Inc lifted its holdings in shares of XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after buying an additional 830,963 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of XPO in the 4th quarter worth $91,158,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of XPO by 239.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock worth $59,486,000 after buying an additional 390,320 shares during the period. 97.73% of the stock is currently owned by institutional investors.
About XPO
(
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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.
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