XPO (NYSE:XPO) Price Target Raised to $138.00

XPO (NYSE:XPO) had its price target raised by TD Cowen from $136.00 to $138.00 in a research note released on Monday, MarketBeat.com reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on XPO. BMO Capital Markets lifted their target price on shares of XPO from $100.00 to $145.00 and gave the company an outperform rating in a research note on Thursday, February 8th. Oppenheimer lifted their price objective on XPO from $130.00 to $140.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Citigroup increased their target price on XPO from $100.00 to $135.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Stifel Nicolaus lifted their price target on XPO from $77.00 to $87.00 and gave the company a hold rating in a research report on Wednesday, January 10th. Finally, Susquehanna increased their price objective on XPO from $100.00 to $140.00 and gave the stock a positive rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $114.95.

XPO Trading Up 1.5 %

NYSE XPO opened at $112.00 on Monday. The stock has a market cap of $13.03 billion, a P/E ratio of 54.90, a price-to-earnings-growth ratio of 2.69 and a beta of 2.17. XPO has a fifty-two week low of $45.24 and a fifty-two week high of $130.51. The stock has a 50 day simple moving average of $120.32 and a two-hundred day simple moving average of $100.97. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.00 and a current ratio of 0.94.

XPO (NYSE:XPO) last announced its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, analysts forecast that XPO will post 3.49 earnings per share for the current year.

Institutional Trading of XPO

Several institutional investors have recently added to or reduced their stakes in XPO. Vanguard Group Inc. grew its stake in shares of XPO by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after acquiring an additional 128,214 shares during the period. Capital Research Global Investors boosted its holdings in XPO by 49.9% in the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after purchasing an additional 3,094,390 shares during the last quarter. Capital World Investors grew its position in XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after purchasing an additional 503,388 shares during the period. Balyasny Asset Management L.P. raised its stake in XPO by 44.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock valued at $132,745,000 after buying an additional 463,267 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of XPO by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock valued at $128,603,000 after buying an additional 67,797 shares during the period. 97.73% of the stock is currently owned by hedge funds and other 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.