XPO (NYSE:XPO) Given New $150.00 Price Target at Wells Fargo & Company

XPO (NYSE:XPO) had its price target raised by Wells Fargo & Company from $119.00 to $150.00 in a research report released on Thursday, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the company. Evercore ISI reduced their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus lifted their price target on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Barclays increased their price objective on shares of XPO from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their target price on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $138.38.

XPO Stock Down 0.3 %

XPO opened at $130.19 on Thursday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.00. XPO has a 12 month low of $78.01 and a 12 month high of $138.71. The stock has a market capitalization of $15.15 billion, a P/E ratio of 42.13, a P/E/G ratio of 2.08 and a beta of 2.07. The business has a 50 day simple moving average of $112.67 and a 200-day simple moving average of $111.19.

XPO (NYSE:XPO) last issued its 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. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that XPO will post 3.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Hedge funds have recently modified their holdings of the stock. ORG Wealth Partners LLC purchased a new position in XPO during the third quarter worth approximately $25,000. Blue Trust Inc. raised its position in shares of XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares during the period. Quest Partners LLC acquired a new position in XPO in the second quarter valued at $28,000. ORG Partners LLC acquired a new stake in XPO during the first quarter worth about $36,000. Finally, International Assets Investment Management LLC purchased a new position in shares of XPO in the 2nd quarter worth about $36,000. 97.73% of the stock is owned by institutional investors and hedge funds.

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.