XPO (NYSE:XPO) Stock Price Expected to Rise, Barclays Analyst Says

XPO (NYSE:XPO) had its price objective increased by Barclays from $145.00 to $150.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Evercore ISI lowered their target price on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Stephens restated an “overweight” rating and issued a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. Finally, Wells Fargo & Company decreased their price objective on XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average price target of $138.38.

XPO Stock Performance

Shares of XPO opened at $130.19 on Thursday. The firm has a market capitalization of $15.15 billion, a P/E ratio of 42.13, a PEG ratio of 2.08 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.00. XPO has a one year low of $78.01 and a one year high of $138.71. The business has a fifty day moving average of $112.67 and a 200 day moving average of $111.19.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.02 billion. During the same period in the previous year, the company posted $0.88 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPO will post 3.55 EPS for the current year.

Hedge Funds Weigh In On XPO

Institutional investors have recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC boosted its position in shares of XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 103 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of XPO by 9.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after buying an additional 126 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of XPO by 6.4% in the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 142 shares during the last quarter. Resources Management Corp CT ADV grew its position in XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after acquiring an additional 145 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in shares of XPO by 4.3% in the 3rd quarter. PFG Investments LLC now owns 3,482 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors 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.