XPO (NYSE:XPO) Given New $176.00 Price Target at Oppenheimer

XPO (NYSE:XPO) had its price target increased by Oppenheimer from $148.00 to $176.00 in a report published on Thursday,Benzinga reports. Oppenheimer currently has an outperform rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Evercore ISI reduced their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group reduced their price target 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. Susquehanna boosted their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Finally, Stephens restated an “overweight” rating and set a $165.00 price target on shares of XPO in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average target price of $147.31.

XPO Trading Up 0.0 %

Shares of XPO stock opened at $158.18 on Thursday. The company has a 50 day moving average of $134.63 and a 200-day moving average of $118.69. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a 12-month low of $80.26 and a 12-month high of $159.43. The firm has a market cap of $18.41 billion, a P/E ratio of 51.19, a PEG ratio of 2.40 and a beta of 2.08.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business posted $0.88 EPS. XPO’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XPO. Perennial Investment Advisors LLC grew its holdings in XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 103 shares during the period. Coldstream Capital Management Inc. grew its holdings in XPO by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 107 shares during the period. CIBC Asset Management Inc grew its holdings in XPO by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 116 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in XPO by 9.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 126 shares during the period. Finally, Stephens Inc. AR grew its holdings in XPO by 6.4% during the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 142 shares during the period. 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.