XPO (NYSE:XPO) Price Target Raised to $155.00 at Benchmark

XPO (NYSE:XPO) had its price target hoisted by Benchmark from $150.00 to $155.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research analysts have also issued reports on XPO. Wells Fargo & Company dropped their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised 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. Stephens reiterated an “overweight” rating and issued a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. The Goldman Sachs Group increased their target price on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Oppenheimer raised their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

XPO Price Performance

Shares of NYSE:XPO opened at $137.19 on Wednesday. The company’s fifty day moving average is $145.53 and its two-hundred day moving average is $124.50. 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 $161.00. The company has a market cap of $15.97 billion, a P/E ratio of 44.40, a price-to-earnings-growth ratio of 1.70 and a beta of 2.11.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the company posted $0.88 earnings per share. XPO’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts expect that XPO will post 3.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in XPO in the third quarter worth about $25,000. Quest Partners LLC bought a new stake in shares of XPO in the 2nd quarter worth approximately $28,000. Versant Capital Management Inc bought a new stake in XPO during the 4th quarter valued at $29,000. UMB Bank n.a. raised its holdings in XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after buying an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in XPO during the 3rd quarter valued at $57,000. 97.73% of the stock is owned by 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.