Benchmark Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its target price hoisted by Benchmark from $155.00 to $160.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s price target suggests a potential upside of 8.45% from the company’s current price.

Other research analysts have also recently issued research reports about the company. TD Cowen increased their price objective on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $155.00 to $180.00 in a research report on Friday. Stifel Nicolaus increased their price objective on XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Stephens reissued an “overweight” rating and issued a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.72.

XPO Stock Performance

NYSE XPO traded up $0.62 on Friday, reaching $147.53. The stock had a trading volume of 817,047 shares, compared to its average volume of 1,529,086. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day moving average price is $141.29 and its 200 day moving average price is $127.70. The stock has a market cap of $17.17 billion, a P/E ratio of 47.72, a price-to-earnings-growth ratio of 1.75 and a beta of 2.12.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 31.16% and a net margin of 4.57%. As a group, equities analysts expect that XPO will post 3.58 earnings per share for the current year.

Institutional Trading of XPO

A number of hedge funds have recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after buying an additional 86 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock worth $245,000 after buying an additional 107 shares in the last quarter. Greenleaf Trust raised its holdings in shares of XPO by 5.0% in the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock worth $311,000 after buying an additional 114 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after buying an additional 116 shares in the last quarter. 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.