Barclays Increases XPO (NYSE:XPO) Price Target to $150.00

XPO (NYSE:XPO) had its price objective boosted by stock analysts at Barclays from $145.00 to $150.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would indicate a potential upside of 13.28% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on XPO. Stephens reissued an “overweight” rating and issued a $150.00 target price on shares of XPO in a research report on Thursday, September 5th. Bank of America cut their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Citigroup initiated coverage on shares of XPO in a report on Wednesday, October 9th. They set a “buy” rating and a $127.00 target price on the stock. The Goldman Sachs Group cut their price target on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Oppenheimer restated an “outperform” rating and set a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.35.

XPO Stock Down 1.2 %

Shares of NYSE:XPO traded down $1.58 during mid-day trading on Thursday, reaching $132.41. 478,231 shares of the stock were exchanged, compared to its average volume of 1,476,943. The company has a market cap of $15.41 billion, a P/E ratio of 43.93, a P/E/G ratio of 1.93 and a beta of 2.10. The stock’s 50 day simple moving average is $112.40 and its 200-day simple moving average is $111.13. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO has a one year low of $74.77 and a one year high of $138.71.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that XPO will post 3.52 EPS for the current year.

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the business. Traynor Capital Management Inc. boosted its stake in shares of XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after purchasing an additional 13,422 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in XPO by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after acquiring an additional 1,712 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of XPO by 38.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after acquiring an additional 57,192 shares during the period. Hsbc Holdings PLC grew its holdings in shares of XPO by 595.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after acquiring an additional 21,889 shares during the period. Finally, Comerica Bank raised its position in shares of XPO by 10.8% in the 1st quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock worth $6,654,000 after acquiring an additional 5,336 shares in the last quarter. 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.