XPO (NYSE:XPO) Given New $139.00 Price Target at Bank of America

XPO (NYSE:XPO) had its target price increased by Bank of America from $137.00 to $139.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the company. TD Cowen upped their price target on XPO from $129.00 to $136.00 and gave the stock an outperform rating in a report on Thursday, March 7th. BMO Capital Markets boosted their price objective on XPO from $100.00 to $145.00 and gave the stock an outperform rating in a research note on Thursday, February 8th. Susquehanna upped their price target on XPO from $100.00 to $140.00 and gave the company a positive rating in a research report on Thursday, February 8th. Barclays increased their price objective on XPO from $100.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. Finally, StockNews.com lowered XPO from a hold rating to a sell rating in a research report on Thursday, December 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, XPO currently has a consensus rating of Moderate Buy and an average target price of $109.15.

XPO Stock Performance

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

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, research analysts predict that XPO will post 3.46 EPS for the current year.

Institutional Trading of XPO

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of XPO during the first quarter worth about $27,000. Riverview Trust Co acquired a new position in XPO in the 1st quarter valued at about $31,000. Rise Advisors LLC acquired a new position in XPO in the 1st quarter valued at about $37,000. Benjamin F. Edwards & Company Inc. increased its position in XPO by 170.2% in 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 period. Finally, International Assets Investment Management LLC acquired a new position in XPO in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds 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.