XPO (NYSE:XPO) Price Target Raised to $179.00 at Citigroup

XPO (NYSE:XPO) had its price target lifted by Citigroup from $155.00 to $179.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on the company. Bank of America dropped their target price on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. TD Cowen boosted their price objective on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Evercore ISI cut their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, Stephens restated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

XPO Stock Down 2.4 %

Shares of XPO opened at $151.42 on Tuesday. The firm has a market cap of $17.63 billion, a P/E ratio of 49.17, a price-to-earnings-growth ratio of 2.38 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO has a 52 week low of $78.72 and a 52 week high of $156.85. The firm’s 50-day simple moving average is $116.25 and its 200 day simple moving average is $112.44.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for 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 firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, analysts forecast that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in XPO during the 3rd quarter worth $25,000. Blue Trust Inc. increased its stake in shares of XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the period. Quest Partners LLC acquired a new position in shares of XPO in the second quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new stake in XPO during the 2nd quarter worth approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in XPO during the 2nd quarter worth approximately $37,000. 97.73% of the stock is currently 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.