XPO (NYSE:XPO) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

XPO (NYSE:XPO - Get Free Report) had its target price increased by Jefferies Financial Group from $150.00 to $165.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Jefferies Financial Group's price objective would indicate a potential upside of 22.97% from the stock's current price.

XPO has been the subject of several other research reports. Benchmark reiterated a "buy" rating and issued a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. The Goldman Sachs Group raised their price target on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Stephens reiterated an "overweight" rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. Susquehanna downgraded shares of XPO from a "positive" rating to a "neutral" rating and dropped their target price for the company from $160.00 to $155.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $149.24.

XPO Stock Performance

XPO stock traded down $3.00 during trading on Friday, hitting $134.18. The company had a trading volume of 1,296,827 shares, compared to its average volume of 1,680,038. The firm has a 50-day moving average price of $145.47 and a 200-day moving average price of $123.60. 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 firm has a market cap of $15.62 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. XPO has a 1-year low of $80.26 and a 1-year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, analysts expect that XPO will post 3.62 earnings per share for the current year.

Hedge Funds Weigh In On XPO

A number of large investors have recently bought and sold shares of XPO. Versant Capital Management Inc acquired a new stake in shares of XPO during the 4th quarter worth $29,000. ORG Wealth Partners LLC acquired a new stake in XPO during the third quarter worth about $25,000. Quest Partners LLC purchased a new position in shares of XPO in the 2nd quarter worth about $28,000. UMB Bank n.a. raised its holdings in shares of XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock worth $49,000 after purchasing an additional 353 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of XPO in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

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.