XPO (NYSE:XPO) Price Target Increased to $86.00 by Analysts at Stephens

XPO (NYSE:XPO) had its price objective raised by Stephens from $80.00 to $86.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on the company. Oppenheimer increased their price target on XPO from $82.00 to $88.00 and gave the company an outperform rating in a report on Wednesday, October 18th. Bank of America increased their price target on XPO from $81.00 to $86.00 in a report on Sunday, August 6th. Benchmark increased their price target on XPO from $77.00 to $87.00 and gave the company a buy rating in a report on Thursday, October 12th. Evercore ISI raised XPO from an in-line rating to an outperform rating and increased their price target for the company from $72.00 to $79.00 in a report on Wednesday, September 27th. Finally, Morgan Stanley increased their price objective on XPO from $65.00 to $68.00 and gave the stock an equal weight rating in a research report on Monday, October 2nd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, XPO has an average rating of Moderate Buy and an average price target of $78.09.

XPO Price Performance

Shares of XPO stock opened at $75.80 on Tuesday. The business has a 50 day simple moving average of $72.71 and a two-hundred day simple moving average of $61.54. XPO has a 12 month low of $29.02 and a 12 month high of $80.42. The stock has a market capitalization of $8.79 billion, a P/E ratio of 103.84, a PEG ratio of 3.28 and a beta of 2.17. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last announced its earnings results on Monday, October 30th. The transportation company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. XPO had a return on equity of 34.51% and a net margin of 0.97%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts predict that XPO will post 2.46 EPS for the current fiscal year.

Institutional Trading of XPO

Hedge funds have recently modified their holdings of the stock. CWM LLC raised its stake in shares of XPO by 50.3% in the first quarter. CWM LLC now owns 771 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 258 shares in the last quarter. Money Concepts Capital Corp raised its stake in shares of XPO by 673.0% in the fourth quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 673 shares in the last quarter. Signaturefd LLC raised its stake in shares of XPO by 165.0% in the second quarter. Signaturefd LLC now owns 469 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 292 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of XPO in the first quarter valued at $31,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of XPO in the third quarter valued at $31,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

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.