Barclays Boosts XPO (NYSE:XPO) Price Target to $170.00

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

Several other brokerages also recently commented on XPO. Susquehanna upped their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. decreased their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Evercore ISI cut their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their price objective on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Price Performance

NYSE:XPO traded down $0.78 during midday trading on Wednesday, hitting $150.76. The company had a trading volume of 99,705 shares, compared to its average volume of 1,481,328. XPO has a 52-week low of $78.72 and a 52-week high of $156.85. The stock’s fifty day moving average price is $117.02 and its 200-day moving average price is $112.73. The company has a market capitalization 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 company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last posted 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. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. As a group, research analysts expect that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. ORG Wealth Partners LLC bought a new position in XPO during the third quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the period. Quest Partners LLC bought a new position in XPO during the second quarter valued at approximately $28,000. International Assets Investment Management LLC bought a new position in XPO during the second quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in XPO during the second quarter valued at approximately $37,000. 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.