Citigroup Raises XPO (NYSE:XPO) Price Target to $159.00

XPO (NYSE:XPO) had its price objective increased by analysts at Citigroup from $155.00 to $159.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price would indicate a potential upside of 10.23% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial boosted their price target on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Barclays boosted their price target on shares of XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. UBS Group boosted their price target on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Oppenheimer set a $154.00 price target on shares of XPO and gave the company an “outperform” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Twenty investment 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 has an average rating of “Moderate Buy” and an average target price of $147.40.

XPO Stock Up 6.1%

XPO stock opened at $144.24 on Friday. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The firm has a market cap of $16.99 billion, a PE ratio of 49.91, a P/E/G ratio of 2.51 and a beta of 1.95. The firm has a 50 day simple moving average of $130.79 and a 200 day simple moving average of $124.37. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

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

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in XPO by 14.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company’s stock worth $2,689,000 after acquiring an additional 3,057 shares in the last quarter. Teacher Retirement System of Texas grew its position in XPO by 50.9% in the first quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company’s stock worth $2,308,000 after acquiring an additional 7,237 shares in the last quarter. Vontobel Holding Ltd. grew its position in XPO by 88.0% in the first quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company’s stock worth $400,000 after acquiring an additional 1,741 shares in the last quarter. GAMMA Investing LLC grew its position in XPO by 57.0% in the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company’s stock worth $192,000 after acquiring an additional 647 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of XPO by 5.4% during the 1st quarter. New York State Common Retirement Fund now owns 62,054 shares of the transportation company’s stock worth $6,676,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.