XPO (NYSE:XPO) Price Target Raised to $160.00

XPO (NYSE:XPO) had its price target upped by Susquehanna from $145.00 to $160.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Bank of America dropped their target price on shares of XPO from $135.00 to $134.00 and set a buy rating on the stock in a report on Monday, July 22nd. Stifel Nicolaus increased their price target on shares of XPO from $120.00 to $125.00 and gave the company a buy rating in a report on Monday, August 5th. TD Cowen lowered their price target on shares of XPO from $143.00 to $142.00 and set a buy rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered their price target on shares of XPO from $147.00 to $143.00 and set an overweight rating on the stock in a report on Friday, September 6th. Finally, Evercore ISI lowered their price target on shares of XPO from $144.00 to $124.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $130.18.

XPO Stock Down 2.4 %

Shares of XPO stock opened at $112.50 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day moving average is $113.22 and its 200-day moving average is $113.35. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 55.15, a PEG ratio of 1.76 and a beta of 2.11. XPO has a 52-week low of $65.80 and a 52-week high of $130.51.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. XPO’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. Sell-side analysts predict that XPO will post 3.6 EPS for the current year.

Hedge Funds Weigh In On XPO

Several large investors have recently modified their holdings of the business. Perennial Investment Advisors LLC raised its stake in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 103 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in XPO by 9.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 126 shares in the last quarter. Resources Management Corp CT ADV increased its stake in XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after purchasing an additional 145 shares in the last quarter. Mystic Asset Management Inc. increased its stake in XPO by 1.7% in the first quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after purchasing an additional 150 shares in the last quarter. Finally, US Bancorp DE increased its stake in XPO by 0.9% in the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

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.