XPO (NYSE:XPO) Price Target Raised to $170.00 at Barclays

XPO (NYSE:XPO) had its target price lifted by Barclays from $150.00 to $170.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

A number of other equities analysts have also commented on the stock. 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. The Goldman Sachs Group reduced their price target on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Wells Fargo & Company increased their target price on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Trading Down 2.1 %

Shares of XPO opened at $145.79 on Wednesday. XPO has a 12 month low of $78.72 and a 12 month high of $156.85. The stock’s 50-day moving average is $119.54 and its two-hundred day moving average is $113.48. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $16.97 billion, a PE ratio of 47.18, a P/E/G ratio of 2.34 and a beta of 2.07.

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

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in XPO during the 3rd quarter valued at approximately $25,000. Blue Trust Inc. raised its position in shares of 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 buying an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in XPO in the second quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in shares of XPO in the second quarter valued at $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in XPO in the 2nd quarter valued at about $37,000. 97.73% of the stock is currently 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.