XPO (NYSE:XPO) Given New $140.00 Price Target at Stifel Nicolaus

XPO (NYSE:XPO) had its price objective increased by Stifel Nicolaus from $136.00 to $140.00 in a report issued on Tuesday, MarketBeat reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other research firms also recently commented on XPO. Morgan Stanley dropped their price objective on XPO from $84.00 to $83.00 and set an “underweight” rating for the company in a report on Monday, October 6th. Wells Fargo & Company upped their price objective on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Truist Financial set a $145.00 price objective on XPO in a report on Tuesday, October 14th. Bank of America upped their price objective on XPO from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Barclays upped their price objective on XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.20.

XPO Trading Down 1.4%

Shares of XPO opened at $123.47 on Tuesday. The stock’s fifty day simple moving average is $130.53 and its 200-day simple moving average is $123.54. The firm has a market capitalization of $14.54 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 2.51 and a beta of 1.95. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO has a 12-month low of $85.06 and a 12-month high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. As a group, research analysts predict that XPO will post 4.15 earnings per share for the current year.

Insider Activity

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of XPO by 4.4% during the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock worth $235,000 after buying an additional 78 shares in the last quarter. Bayforest Capital Ltd grew its holdings in shares of XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of XPO by 2.2% during the third quarter. QRG Capital Management Inc. now owns 4,491 shares of the transportation company’s stock worth $581,000 after buying an additional 97 shares in the last quarter. Finally, Securian Asset Management Inc. grew its holdings in shares of XPO by 1.1% during the second quarter. Securian Asset Management Inc. now owns 9,004 shares of the transportation company’s stock worth $1,137,000 after buying an additional 100 shares in the last quarter. 97.73% of the stock is currently owned by 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.