Bank of America Boosts XPO (NYSE:XPO) Price Target to $139.00

XPO (NYSE:XPO) had its price target hoisted by Bank of America from $137.00 to $139.00 in a research report released on Monday, Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Several other research firms also recently commented on XPO. BMO Capital Markets upped their price objective on shares of XPO from $100.00 to $145.00 and gave the company an outperform rating in a report on Thursday, February 8th. Stifel Nicolaus upped their price objective on XPO from $77.00 to $87.00 and gave the company a hold rating in a research note on Wednesday, January 10th. Morgan Stanley downgraded XPO from an equal weight rating to an underweight rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Monday, February 12th. Barclays upped their price objective on XPO from $100.00 to $125.00 and gave the company an overweight rating in a research note on Thursday, February 8th. Finally, StockNews.com downgraded shares of XPO from a hold rating to a sell rating in a research report on Thursday, December 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, XPO currently has an average rating of Moderate Buy and an average price target of $111.65.

XPO Trading Down 2.8 %

XPO opened at $118.88 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $13.83 billion, a PE ratio of 73.84, a PEG ratio of 2.97 and a beta of 2.19. XPO has a 1-year low of $33.73 and a 1-year high of $130.51. The firm has a 50-day moving average price of $122.34 and a two-hundred day moving average price of $97.03.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $0.98 EPS. XPO’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that XPO will post 3.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 valued at $956,755,000 after purchasing an additional 128,214 shares during the period. BlackRock Inc. boosted its stake in shares of XPO by 9.9% in the first quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock worth $731,604,000 after buying an additional 906,295 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of 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 buying an additional 3,094,390 shares during the last quarter. MFN Partners Management LP boosted its stake in shares of XPO by 68.4% in the first quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company’s stock worth $524,187,000 after buying an additional 2,925,000 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of XPO by 13.1% in the fourth quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after buying an additional 503,388 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.