XPO (NYSE:XPO) Price Target Raised to $225.00 at Wells Fargo & Company

XPO (NYSE:XPO) had its target price upped by Wells Fargo & Company from $205.00 to $225.00 in a report issued on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

XPO has been the topic of a number of other reports. Wolfe Research downgraded XPO from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Barclays set a $195.00 price target on XPO and gave the stock an “overweight” rating in a research note on Friday, February 6th. Wall Street Zen upgraded XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Evercore set a $200.00 price target on XPO in a research note on Friday, February 6th. Finally, Stifel Nicolaus raised 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 equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average price target of $183.19.

XPO Stock Performance

XPO stock opened at $200.54 on Tuesday. The company has a market cap of $23.49 billion, a P/E ratio of 75.67, a price-to-earnings-growth ratio of 2.60 and a beta of 1.94. XPO has a 1 year low of $87.24 and a 1 year high of $220.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $192.52 and its 200-day moving average price is $157.23.

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

Institutional Investors Weigh In On XPO

A number of institutional investors have recently bought and sold shares of XPO. Durable Capital Partners LP increased 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 buying an additional 1,589,759 shares in the last quarter. Norges Bank purchased a new stake in XPO in the 4th quarter worth $204,304,000. Bessemer Group Inc. increased 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 buying an additional 1,120,929 shares in the last quarter. Invesco Ltd. increased 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 buying an additional 1,036,434 shares in the last quarter. Finally, Capital World Investors increased 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 buying an additional 735,450 shares in the last quarter. Hedge funds and other 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.