Benchmark Raises XPO (NYSE:XPO) Price Target to $140.00

XPO (NYSE:XPO) had its target price upped by Benchmark from $125.00 to $140.00 in a report issued on Tuesday morning, Benzinga reports. Benchmark currently has a buy rating on the transportation company’s stock.

Several other brokerages have also recently issued reports on XPO. Citigroup lifted their target price on XPO from $100.00 to $135.00 and gave the stock a buy rating in a report on Thursday, February 8th. Raymond James lifted their target price on XPO from $130.00 to $145.00 and gave the stock an outperform rating in a report on Monday, April 15th. Bank of America lifted their target price on XPO from $137.00 to $139.00 and gave the stock a buy rating in a report on Monday, April 15th. StockNews.com cut XPO from a hold rating to a sell rating in a report on Thursday, December 28th. Finally, The Goldman Sachs Group lifted their price target on XPO from $98.00 to $126.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $111.65.

XPO Stock Performance

XPO stock opened at $114.52 on Tuesday. The company has a market cap of $13.32 billion, a P/E ratio of 71.13, a price-to-earnings-growth ratio of 2.86 and a beta of 2.19. XPO has a 1 year low of $38.60 and a 1 year high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average price is $122.16 and its 200-day moving average price is $97.44.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm earned $0.98 EPS. XPO’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that XPO will post 3.47 earnings per share for the current year.

Institutional Trading of XPO

Large investors have recently modified their holdings of the company. Dorsey Wright & Associates purchased a new stake in shares of XPO in the third quarter valued at approximately $1,252,000. Lisanti Capital Growth LLC raised its stake in XPO by 527.2% in the third quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company’s stock worth $6,753,000 after buying an additional 76,025 shares in the last quarter. Deutsche Bank AG raised its stake in XPO by 12,894.9% in the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock worth $97,359,000 after buying an additional 1,294,002 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in XPO by 11.0% in the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company’s stock worth $443,000 after buying an additional 586 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in XPO by 2.7% in the fourth quarter. New York State Teachers Retirement System now owns 123,804 shares of the transportation company’s stock worth $10,844,000 after buying an additional 3,207 shares in the last quarter. 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.