XPO (NYSE:XPO) Price Target Raised to $176.00 at Oppenheimer

XPO (NYSE:XPO - Get Free Report) had its target price lifted by equities researchers at Oppenheimer from $148.00 to $176.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the transportation company's stock. Oppenheimer's target price would indicate a potential upside of 11.27% from the company's current price.

Several other brokerages have also recently issued reports on XPO. Benchmark reaffirmed a "buy" rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Susquehanna lifted their target price on XPO from $145.00 to $160.00 and gave the company a "positive" rating in a research note on Wednesday, September 18th. Wells Fargo & Company raised their price target on shares of XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on shares of XPO from $139.00 to $136.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, Barclays increased their target price on shares of XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. 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, XPO currently has a consensus rating of "Moderate Buy" and an average price target of $147.31.

XPO Trading Up 0.0 %

NYSE:XPO traded up $0.04 during midday trading on Thursday, hitting $158.17. The stock had a trading volume of 1,175,283 shares, compared to its average volume of 1,473,584. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a 50-day moving average of $134.63 and a 200 day moving average of $118.69. The company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 51.19, a PEG ratio of 2.30 and a beta of 2.08. XPO has a one year low of $80.26 and a one year high of $159.43.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The business's revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that XPO will post 3.62 EPS for the current year.

Institutional Trading of XPO

Institutional investors have recently bought and sold shares of the business. Traynor Capital Management Inc. grew 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 purchasing an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. lifted its stake in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company's stock valued at $4,344,000 after buying an additional 10,740 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in XPO in the 3rd quarter worth about $706,000. Westwood Holdings Group Inc. increased its stake in XPO by 38.6% during 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 in the last quarter. Finally, Forest Avenue Capital Management LP raised its holdings in shares of XPO by 22.6% during the third quarter. Forest Avenue Capital Management LP now owns 356,211 shares of the transportation company's stock valued at $38,296,000 after acquiring an additional 65,742 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Company Profile

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.