Raymond James Raises XPO (NYSE:XPO) Price Target to $145.00

XPO (NYSE:XPO) had its price target increased by Raymond James from $130.00 to $145.00 in a report released on Monday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other equities research analysts have also commented on the stock. The Goldman Sachs Group upped their price target on shares of XPO from $98.00 to $126.00 and gave the company a buy rating in a report on Thursday, February 8th. Citigroup upped their price target on shares of XPO from $100.00 to $135.00 and gave the company a buy rating in a report on Thursday, February 8th. Oppenheimer upped their price objective on shares of XPO from $130.00 to $140.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. BMO Capital Markets upped their price objective on shares of XPO from $100.00 to $145.00 and gave the stock an outperform rating in a report on Thursday, February 8th. Finally, Barclays upped their price objective on shares of XPO from $100.00 to $125.00 and gave the stock an overweight rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $109.15.

XPO Price Performance

XPO stock opened at $123.26 on Monday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO has a one year low of $33.12 and a one year high of $130.51. The stock has a market cap of $14.34 billion, a PE ratio of 76.56, a P/E/G ratio of 3.03 and a beta of 2.19. The firm has a 50 day simple moving average of $121.81 and a two-hundred day simple moving average of $96.54.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. On average, analysts predict that XPO will post 3.46 EPS for the current fiscal year.

Institutional Trading of XPO

Institutional investors have recently bought and sold shares of the company. Money Concepts Capital Corp grew its position in XPO by 673.0% during the 4th quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 673 shares during the last quarter. Mather Group LLC. purchased a new stake in XPO during the 1st quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of XPO by 170.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 211 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of XPO during the 3rd quarter valued at about $31,000. Finally, Riverview Trust Co purchased a new stake in shares of XPO during the 1st quarter valued at about $31,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.