XPO (NYSE:XPO) Price Target Raised to $214.00

XPO (NYSE:XPO) had its price objective raised by Susquehanna from $212.00 to $214.00 in a report issued on Tuesday morning, MarketBeat reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on XPO. JPMorgan Chase & Co. upped their price target on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. BMO Capital Markets lifted their price objective on XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. UBS Group upped their target price on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group upped their target price on XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $219.57.

XPO Stock Up 7.1%

XPO stock opened at $219.46 on Tuesday. The company has a market cap of $25.77 billion, a P/E ratio of 75.16, a P/E/G ratio of 2.36 and a beta of 1.85. XPO has a 52 week low of $116.68 and a 52 week high of $232.05. The company’s 50-day moving average price is $208.88 and its 200 day moving average price is $194.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that XPO will post 4.9 earnings per share for the current fiscal year.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently bought and sold shares of the stock. Durable Capital Partners LP grew its holdings 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 buying an additional 1,589,759 shares during the last quarter. Norges Bank acquired a new position in shares of XPO in the fourth quarter worth $204,304,000. Bessemer Group Inc. lifted its position in shares of XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after acquiring an additional 1,299,480 shares in the last quarter. Invesco Ltd. lifted its position in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares in the last quarter. Finally, Orbis Allan Gray Ltd boosted its stake in shares of XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after acquiring an additional 499,220 shares during 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.