XPO (NYSE:XPO) Price Target Raised to $275.00 at Jefferies Financial Group

XPO (NYSE:XPO) had its price target lifted by Jefferies Financial Group to $275.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research analysts have also weighed in on XPO. Oppenheimer upped their target price on XPO from $198.00 to $228.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus upped their price target on XPO from $206.00 to $232.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. BMO Capital Markets set a $230.00 price target on XPO in a research note on Thursday, February 19th. Citigroup upped their price target on XPO from $205.00 to $207.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $95.00 price target on shares of XPO in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.86.

XPO Stock Performance

Shares of XPO stock opened at $220.83 on Wednesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. XPO has a fifty-two week low of $93.82 and a fifty-two week high of $231.46. The stock’s 50-day moving average is $201.30 and its two-hundred day moving average is $163.86. The firm has a market cap of $25.93 billion, a P/E ratio of 83.33, a PEG ratio of 2.98 and a beta of 1.94.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm posted $0.89 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Analysts predict that XPO will post 4.49 earnings per share for the current fiscal year.

Institutional Trading of XPO

Several large investors have recently made changes to their positions in the stock. Durable Capital Partners LP boosted its stake in XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the period. Norges Bank bought a new stake in XPO during the 4th quarter valued at approximately $204,304,000. Bessemer Group Inc. boosted its stake in XPO by 228,761.0% during 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 period. Invesco Ltd. boosted its stake in XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the period. Finally, Capital World Investors boosted its stake in XPO by 7.3% during the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares during the period. 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.