XPO (NYSE:XPO) Price Target Raised to $179.00 at Citigroup

XPO (NYSE:XPO) had its target price increased by investment analysts at Citigroup from $155.00 to $179.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price indicates a potential upside of 17.95% from the stock’s current price.

A number of other equities research analysts have also weighed in on XPO. 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 report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Evercore ISI dropped their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group cut their price target on XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $139.88.

XPO Stock Performance

NYSE:XPO traded down $3.42 during trading hours on Tuesday, hitting $151.76. 666,523 shares of the company were exchanged, compared to its average volume of 1,484,855. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO has a 52-week low of $78.72 and a 52-week high of $156.85. The company’s 50 day moving average price is $116.25 and its 200-day moving average price is $112.44. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 2.38 and a beta of 2.07.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XPO. Perennial Investment Advisors LLC raised its holdings in XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after buying an additional 103 shares during the period. CIBC Asset Management Inc grew its holdings in shares of XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after buying an additional 116 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after acquiring an additional 126 shares during the last quarter. Stephens Inc. AR increased its stake in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after purchasing an additional 142 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its stake in XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds 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.