Barclays Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its target price boosted by Barclays from $145.00 to $150.00 in a research report released on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Several other research firms have also weighed in on XPO. The Goldman Sachs Group reduced their target price on XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. TD Cowen cut their price objective on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus boosted their price objective on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company dropped their target price on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, Bank of America lowered their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $138.38.

XPO Trading Up 0.9 %

Shares of XPO traded up $1.21 during trading hours on Thursday, hitting $131.74. 75,736 shares of the stock traded hands, compared to its average volume of 1,475,380. The business has a fifty day moving average of $112.57 and a 200-day moving average of $111.27. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $15.33 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 2.19 and a beta of 2.10. XPO has a 1-year low of $78.01 and a 1-year high of $138.71.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Analysts expect that XPO will post 3.53 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC raised its holdings in XPO by 5.5% in the 2nd 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 in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after buying an additional 126 shares in the last quarter. Stephens Inc. AR lifted its position in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after buying an additional 142 shares during the last quarter. Resources Management Corp CT ADV boosted 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 buying an additional 145 shares in the last quarter. Finally, PFG Investments LLC grew its position in XPO by 4.3% in the third quarter. PFG Investments LLC now owns 3,482 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 145 shares during the last quarter. 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.