XPO (NYSE:XPO) Given New $147.00 Price Target at Stifel Nicolaus

XPO (NYSE:XPO) had its price objective boosted by Stifel Nicolaus from $124.00 to $147.00 in a report issued on Thursday,Benzinga reports. Stifel Nicolaus currently has a hold 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 $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Oppenheimer upped their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. TD Cowen raised their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Benchmark upped their price objective on shares of XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their target price on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.06.

XPO Stock Up 1.5 %

XPO stock opened at $138.77 on Thursday. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 1.81 and a beta of 2.11. The firm’s fifty day moving average price is $143.83 and its two-hundred day moving average price is $125.68. XPO has a 1-year low of $82.78 and a 1-year high of $161.00. 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 (NYSE:XPO) last announced its quarterly earnings results 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. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. On average, equities research analysts predict that XPO will post 3.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in shares of XPO during the 4th quarter valued at approximately $29,000. ORG Wealth Partners LLC bought a new stake in XPO during the 3rd quarter valued at $25,000. UMB Bank n.a. lifted its position in shares of XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after acquiring an additional 353 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of XPO in the third quarter worth $57,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of XPO in the third quarter valued at $78,000. 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.