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

XPO (NYSE:XPO) had its price target increased by investment analysts at Benchmark from $150.00 to $155.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s price objective indicates a potential upside of 14.42% from the company’s previous close.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group boosted their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group boosted their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. TD Cowen upped their price target on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stephens reissued an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.00.

XPO Stock Down 0.1 %

Shares of XPO stock opened at $135.47 on Wednesday. The firm’s fifty day moving average price is $145.53 and its two-hundred day moving average price is $124.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a 1 year low of $80.26 and a 1 year high of $161.00. The firm has a market capitalization of $15.77 billion, a P/E ratio of 43.84, a PEG ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the company earned $0.88 EPS. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts predict that XPO will post 3.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of XPO in the second quarter valued at about $28,000. Envestnet Asset Management Inc. boosted its holdings in XPO by 32.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 74,489 shares of the transportation company’s stock valued at $7,907,000 after purchasing an additional 18,186 shares during the period. Dimensional Fund Advisors LP boosted its holdings in XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after purchasing an additional 130,322 shares during the period. Renaissance Technologies LLC acquired a new position in shares of XPO during the 2nd quarter worth approximately $16,540,000. Finally, Perennial Investment Advisors LLC increased its holdings 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 worth $210,000 after purchasing an additional 103 shares during the period. 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.