XPO (NYSE:XPO) Price Target Raised to $228.00 at Oppenheimer

XPO (NYSE:XPO) had its price objective raised by Oppenheimer from $198.00 to $228.00 in a research note released on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the transportation company’s stock.

XPO has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of XPO in a research note on Friday, February 6th. Barclays set a $195.00 price objective on XPO and gave the company an “overweight” rating in a report on Friday, February 6th. The Goldman Sachs Group restated a “buy” rating and issued a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Finally, Stifel Nicolaus increased their price target on XPO from $166.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average target price of $179.68.

XPO Stock Up 0.0%

Shares of NYSE:XPO opened at $215.22 on Tuesday. XPO has a 1 year low of $85.06 and a 1 year high of $217.44. The company has a market capitalization of $25.21 billion, a PE ratio of 81.22, a price-to-earnings-growth ratio of 2.82 and a beta of 1.94. The business has a fifty day moving average price of $168.72 and a two-hundred day moving average price of $146.37. 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 (NYSE:XPO) last released its earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. Analysts forecast that XPO will post 4.15 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently modified their holdings of XPO. Amundi grew its holdings in XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after acquiring an additional 355 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 149 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of XPO during the second quarter valued at $867,000. 97.73% of the stock is currently owned by institutional investors.

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.