XPO (NYSE:XPO) Price Target Raised to $207.00 at Citigroup

XPO (NYSE:XPO) had its price objective upped by Citigroup from $205.00 to $207.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other research firms also recently weighed in on XPO. Stifel Nicolaus boosted their target price on XPO from $166.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $180.00 target price on shares of XPO in a research report on Thursday, February 5th. Benchmark reissued a “buy” rating on shares of XPO in a research report on Tuesday, March 3rd. BMO Capital Markets set a $230.00 target price on XPO in a research report on Thursday, February 19th. Finally, TD Cowen reiterated a “buy” rating on shares of XPO in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $183.19.

XPO Stock Performance

XPO stock opened at $200.54 on Tuesday. The company’s 50-day moving average price is $192.52 and its 200-day moving average price is $157.23. XPO has a twelve month low of $87.24 and a twelve month high of $220.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. The company has a market cap of $23.49 billion, a PE ratio of 75.67, a price-to-earnings-growth ratio of 2.60 and a beta of 1.94.

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

Hedge Funds Weigh In On XPO

Several hedge funds have recently bought and sold shares of XPO. Durable Capital Partners LP grew its stake in 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 acquiring an additional 1,589,759 shares in the last quarter. Norges Bank bought a new position in XPO in the 4th quarter worth about $204,304,000. Bessemer Group Inc. grew its stake in XPO by 228,761.0% in the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares in the last quarter. Invesco Ltd. grew its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares in the last quarter. Finally, Capital World Investors grew its stake in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

About XPO

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.