UBS Group Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO - Free Report) had its price objective increased by UBS Group from $159.00 to $170.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

XPO has been the subject of a number of other reports. Stephens reaffirmed an "overweight" rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Citigroup boosted their price target on shares of XPO from $155.00 to $179.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Stifel Nicolaus upped their target price on XPO from $124.00 to $147.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Finally, Susquehanna raised shares of XPO from a "neutral" rating to a "positive" rating and boosted their target price for the stock from $155.00 to $180.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, XPO currently has an average rating of "Moderate Buy" and an average target price of $156.35.

XPO Stock Performance

NYSE:XPO traded down $0.12 during trading hours on Friday, reaching $146.36. 507,227 shares of the stock were exchanged, compared to its average volume of 1,511,791. The stock has a market capitalization of $17.04 billion, a P/E ratio of 45.23, a P/E/G ratio of 1.93 and a beta of 2.12. The firm has a 50 day simple moving average of $141.04 and a 200-day simple moving average of $128.41. The company has a quick ratio of 1.06, a current 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.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, sell-side analysts forecast that XPO will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of XPO

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in XPO in the third quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new position in XPO in the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. grew its stake in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock valued at $49,000 after buying an additional 353 shares during the last quarter. Institutional investors and hedge funds 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.