XPO (NYSE:XPO) PT Raised to $160.00

XPO (NYSE:XPO) had its price objective hoisted by investment analysts at Susquehanna from $145.00 to $160.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 38.77% from the company’s current price.

A number of other equities analysts have also recently issued reports on XPO. JPMorgan Chase & Co. cut their target price on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Friday, August 2nd. Bank of America lowered their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Raymond James cut their price target on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Finally, Stifel Nicolaus increased their price objective on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.18.

XPO Stock Up 3.4 %

Shares of NYSE XPO opened at $115.30 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm has a market cap of $13.42 billion, a PE ratio of 56.52, a P/E/G ratio of 1.76 and a beta of 2.11. The company’s fifty day simple moving average is $113.12 and its 200 day simple moving average is $113.48. XPO has a 12-month low of $65.80 and a 12-month high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts forecast that XPO will post 3.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in XPO in the 1st quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new position in XPO in the 2nd quarter worth about $28,000. Riverview Trust Co bought a new stake in shares of XPO during the first quarter valued at about $31,000. Finally, ORG Partners LLC purchased a new stake in shares of XPO in the first quarter worth about $36,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

About XPO

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.