XPO (NYSE:XPO) Price Target Raised to $205.00 at Citigroup

XPO (NYSE:XPO) had its price target increased by Citigroup from $167.00 to $205.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the transportation company’s stock.

A number of other research firms have also recently weighed in on XPO. Benchmark reaffirmed a “buy” rating on shares of XPO in a research note on Friday. Wells Fargo & Company raised their price objective on XPO from $147.00 to $205.00 and gave the company an “overweight” rating in a report on Friday. Evercore set a $200.00 price objective on XPO in a research report on Friday. TD Cowen reiterated a “buy” rating on shares of XPO in a research report on Friday. Finally, Susquehanna cut their price target on XPO from $162.00 to $160.00 and set a “positive” rating on the stock in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average price target of $176.00.

XPO Price Performance

Shares of XPO stock opened at $206.65 on Monday. The business has a fifty day simple moving average of $149.55 and a 200 day simple moving average of $137.66. The company has a market cap of $24.21 billion, a P/E ratio of 77.98, a P/E/G ratio of 2.74 and a beta of 2.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO has a twelve month low of $85.06 and a twelve month high of $207.04.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. On average, sell-side analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in XPO by 306.9% in the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after acquiring an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP lifted its position in shares of XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the period. Norges Bank bought a new stake in shares of XPO in the 2nd quarter valued at $168,840,000. Bessemer Group Inc. boosted its stake in shares of XPO by 228,761.0% in the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock valued at $152,411,000 after purchasing an additional 1,120,929 shares during the last quarter. Finally, Cooke & Bieler LP acquired a new stake in shares of XPO during the second quarter worth $108,218,000. 97.73% of the stock is currently owned by institutional investors.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.