XPO (NYSE:XPO) Price Target Raised to $160.00 at Barclays

XPO (NYSE:XPO) had its price objective raised by Barclays from $145.00 to $160.00 in a research note released on Monday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

A number of other research firms also recently weighed in on XPO. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research report on Wednesday, October 8th. Morgan Stanley reduced 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. Stifel Nicolaus set a $149.00 target price on XPO in a research report on Friday, October 31st. Wells Fargo & Company upped their price target on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Susquehanna reiterated a “positive” rating and set a $162.00 price target on shares of XPO in a research note on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.15.

XPO Trading Down 4.4%

Shares of XPO stock opened at $127.93 on Monday. The firm has a market cap of $15.02 billion, a PE ratio of 44.27, a P/E/G ratio of 2.51 and a beta of 1.99. 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. The stock has a fifty day moving average price of $132.21 and a 200-day moving average price of $127.56.

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

Insiders Place Their Bets

In other news, Director Allison Landry sold 3,250 shares of the company’s 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 sale, the director directly owned 5,875 shares in the company, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On XPO

A number of large investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its stake in XPO by 5.4% during the first quarter. New York State Common Retirement Fund now owns 62,054 shares of the transportation company’s stock valued at $6,676,000 after buying an additional 3,200 shares during the period. Hawk Ridge Capital Management LP raised its holdings in shares of XPO by 15.8% in the 1st quarter. Hawk Ridge Capital Management LP now owns 289,588 shares of the transportation company’s stock valued at $31,154,000 after acquiring an additional 39,500 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of XPO by 854.2% during the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after acquiring an additional 493,736 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of XPO during the 1st quarter valued at about $497,000. Finally, Cresset Asset Management LLC purchased a new position in shares of XPO during the first quarter worth about $445,000. 97.73% of the stock is currently owned by 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.