Citigroup Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO) had its price target boosted by Citigroup from $155.00 to $179.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

XPO has been the topic of a number of other reports. Wells Fargo & Company upped their price target on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Susquehanna increased their target price on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Stephens restated an “overweight” rating and set a $150.00 price target on shares of XPO in a research note on Thursday, September 5th. Evercore ISI lowered 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. Finally, The Goldman Sachs Group reduced their price objective on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average price target of $141.13.

XPO Price Performance

Shares of XPO opened at $145.78 on Tuesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO has a 52-week low of $78.72 and a 52-week high of $156.85. The business’s 50 day moving average price is $118.66 and its two-hundred day moving average price is $113.24. The firm has a market cap of $16.97 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.34 and a beta of 2.07.

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 the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, equities analysts anticipate that XPO will post 3.62 EPS for the current year.

Institutional Investors Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in XPO. ORG Wealth Partners LLC bought a new position in shares of XPO in the third quarter worth $25,000. Blue Trust Inc. grew 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 valued at $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC bought a new stake in shares of XPO during the second quarter valued at about $28,000. International Assets Investment Management LLC bought a new position in shares of XPO in the second quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in XPO during the 2nd quarter worth approximately $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.