XPO (NYSE:XPO) Given New $170.00 Price Target at Barclays

XPO (NYSE:XPO) had its price target lifted by investment analysts at Barclays from $150.00 to $170.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential upside of 12.76% from the company’s current price.

Several other analysts also recently commented on the stock. Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Bank of America decreased their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Stifel Nicolaus raised their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Citigroup raised their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.13.

XPO Stock Performance

XPO traded down $0.78 during trading on Wednesday, hitting $150.76. The company’s stock had a trading volume of 99,705 shares, compared to its average volume of 1,481,328. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a one year low of $78.72 and a one year high of $156.85. The firm has a market cap of $17.55 billion, a PE ratio of 48.83, a P/E/G ratio of 2.37 and a beta of 2.07. The business’s 50 day simple moving average is $117.02 and its 200-day simple moving average is $112.73.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that XPO will post 3.62 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors grew its stake in shares of XPO by 9.8% in the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after buying an additional 912,544 shares in the last quarter. Capital World Investors boosted its stake in shares of XPO by 3.3% during the 1st quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after purchasing an additional 142,908 shares during the period. D1 Capital Partners L.P. purchased a new position in shares of XPO during the 2nd quarter worth about $271,532,000. Clearbridge Investments LLC boosted its stake in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of XPO by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after purchasing an additional 10,318 shares during the period. 97.73% of the stock is 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.