Benchmark Raises XPO (NYSE:XPO) Price Target to $160.00

XPO (NYSE:XPO) had its target price lifted by Benchmark from $155.00 to $160.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. UBS Group raised their target price on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group raised their price objective on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their target price on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Stephens reissued an “overweight” rating and set a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Finally, Barclays dropped their price objective on XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.72.

XPO Trading Up 1.0 %

Shares of NYSE XPO opened at $148.32 on Friday. The stock has a market capitalization of $17.26 billion, a P/E ratio of 45.92, a PEG ratio of 1.93 and a beta of 2.12. XPO has a 1-year low of $97.03 and a 1-year high of $161.00. The business’s 50 day moving average is $141.29 and its two-hundred day moving average is $127.70. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, research analysts expect that XPO will post 4.16 EPS for the current year.

Hedge Funds Weigh In On XPO

A number of hedge funds and other institutional investors have recently modified their holdings of XPO. Northwestern Mutual Wealth Management Co. raised its stake in XPO by 151.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,748 shares of the transportation company’s stock worth $186,000 after buying an additional 1,052 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of XPO by 50.3% in the 3rd quarter. GAMMA Investing LLC now owns 944 shares of the transportation company’s stock valued at $101,000 after acquiring an additional 316 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of XPO in the 3rd quarter valued at $205,000. UMB Bank n.a. raised its position in shares of XPO by 356.6% in the 3rd 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. Finally, Gateway Investment Advisers LLC lifted its stake in shares of XPO by 181.4% during the 3rd quarter. Gateway Investment Advisers LLC now owns 31,528 shares of the transportation company’s stock worth $3,390,000 after purchasing an additional 20,326 shares during the last quarter. 97.73% of the stock is currently owned by 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.