Citigroup Boosts XPO (NYSE:XPO) Price Target to $155.00

XPO (NYSE:XPO) had its price target hoisted by stock analysts at Citigroup from $127.00 to $155.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 18.75% from the stock’s previous close.

Several other research analysts have also weighed in on XPO. Wells Fargo & Company boosted their price objective on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. JPMorgan Chase & Co. decreased their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Susquehanna upped their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Finally, Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.82.

XPO Stock Performance

Shares of XPO stock traded down $3.46 during trading on Thursday, hitting $130.53. 1,516,561 shares of the stock were exchanged, compared to its average volume of 1,481,864. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 43.37, a price-to-earnings-growth ratio of 1.93 and a beta of 2.10. The company has a fifty day moving average price of $112.40 and a 200-day moving average price of $111.13. XPO has a 1-year low of $74.77 and a 1-year high of $138.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. As a group, equities analysts predict that XPO will post 3.52 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quintet Private Bank Europe S.A. raised its stake in shares of XPO by 4.2% during the third quarter. Quintet Private Bank Europe S.A. now owns 5,071 shares of the transportation company’s stock valued at $524,000 after acquiring an additional 205 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of XPO by 8.8% during the third quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock valued at $426,000 after acquiring an additional 322 shares during the last quarter. Stephens Inc. AR raised its stake in shares of XPO by 6.4% during the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 142 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of XPO by 7.5% during the third quarter. Pinnacle Associates Ltd. now owns 6,490 shares of the transportation company’s stock valued at $698,000 after acquiring an additional 450 shares during the last quarter. Finally, Ariston Services Group bought a new position in shares of XPO during the third quarter valued at $236,000. Institutional investors own 97.73% of the company’s stock.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.