XPO (NYSE:XPO) Given New $150.00 Price Target at Wells Fargo & Company

XPO (NYSE:XPO) had its price target upped by Wells Fargo & Company from $119.00 to $150.00 in a report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other equities analysts have also commented on the company. Susquehanna increased their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Citigroup initiated coverage on XPO in a report on Wednesday, October 9th. They issued a “buy” rating and a $127.00 price objective on the stock. TD Cowen boosted their target price on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Finally, Oppenheimer restated an “outperform” rating and set a $140.00 price objective on shares of XPO in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.38.

XPO Stock Down 0.3 %

XPO stock opened at $130.19 on Thursday. XPO has a twelve month low of $78.01 and a twelve month high of $138.71. The firm has a market capitalization of $15.15 billion, a P/E ratio of 42.13, a P/E/G ratio of 2.08 and a beta of 2.07. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 2.04. The stock’s fifty day simple moving average is $112.67 and its 200-day simple moving average is $111.19.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business posted $0.88 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that XPO will post 3.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in shares of XPO by 23.7% during the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company’s stock worth $51,677,000 after buying an additional 91,973 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its position in XPO by 4.2% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 5,071 shares of the transportation company’s stock worth $524,000 after acquiring an additional 205 shares during the period. QRG Capital Management Inc. grew its stake in shares of XPO by 8.8% in the 3rd quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 322 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of XPO by 6.4% in 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. Finally, Pinnacle Associates Ltd. raised its stake in shares of XPO by 7.5% during the third quarter. Pinnacle Associates Ltd. now owns 6,490 shares of the transportation company’s stock worth $698,000 after purchasing an additional 450 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other 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.