Evercore ISI Raises XPO (NYSE:XPO) Price Target to $151.00

XPO (NYSE:XPO) had its price objective boosted by equities research analysts at Evercore ISI from $141.00 to $151.00 in a research note issued on Friday, Marketbeat reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price objective would indicate a potential upside of 4.69% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research report on Wednesday, October 8th. TD Cowen raised their price target on shares of XPO from $131.00 to $141.00 and gave the company a “buy” rating in a research report on Friday. Citigroup raised their price target on shares of XPO from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Benchmark reissued a “buy” rating and set a $140.00 price target on shares of XPO in a research report on Wednesday, October 1st. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

XPO Stock Up 6.1%

Shares of NYSE XPO opened at $144.24 on Friday. The stock has a market capitalization of $16.99 billion, a P/E ratio of 49.91, a P/E/G ratio of 2.51 and a beta of 1.95. The company has a 50-day moving average price of $130.79 and a 200-day moving average price of $124.37. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. 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 issued its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. On average, equities research analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction dated 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 directly owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. GAMMA Investing LLC boosted its stake in XPO by 57.0% in the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 647 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of XPO by 14.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company’s stock valued at $2,689,000 after purchasing an additional 3,057 shares during the period. Vontobel Holding Ltd. raised its position in shares of XPO by 88.0% in the first quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 1,741 shares during the period. Teacher Retirement System of Texas raised its position in shares of XPO by 50.9% in the first quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company’s stock valued at $2,308,000 after purchasing an additional 7,237 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of XPO by 0.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,802 shares of the transportation company’s stock valued at $2,561,000 after purchasing an additional 142 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.