XPO (NYSE:XPO) Price Target Raised to $160.00

XPO (NYSE:XPO) had its price objective upped by Susquehanna from $145.00 to $160.00 in a research report released on Wednesday, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on XPO. Raymond James decreased their target price on XPO from $135.00 to $130.00 and set an outperform rating on the stock in a research report on Monday, June 24th. Bank of America decreased their target price on XPO from $135.00 to $134.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company decreased their target price on XPO from $125.00 to $119.00 and set an overweight rating on the stock in a research report on Thursday, September 5th. TD Cowen decreased their target price on XPO from $143.00 to $142.00 and set a buy rating on the stock in a research report on Thursday, September 5th. Finally, Stephens reaffirmed an overweight rating and set a $150.00 price objective on shares of XPO in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, XPO presently has an average rating of Moderate Buy and a consensus price target of $130.18.

XPO Trading Down 2.4 %

XPO stock opened at $112.50 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $113.22 and its 200-day simple moving average is $113.35. The firm has a market capitalization of $13.09 billion, a PE ratio of 55.15, a PEG ratio of 1.76 and a beta of 2.11. XPO has a 52 week low of $65.80 and a 52 week high of $130.51.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Equities research analysts forecast that XPO will post 3.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its position in XPO by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of XPO by 151.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,748 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 1,052 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of XPO by 8.4% during the 2nd quarter. NewEdge Advisors LLC now owns 9,642 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 749 shares during the last quarter. Algert Global LLC raised its position in shares of XPO by 46.2% during the 2nd quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock valued at $5,308,000 after acquiring an additional 15,795 shares during the last quarter. Finally, Dorsey Wright & Associates raised its position in shares of XPO by 2.5% during the 2nd quarter. Dorsey Wright & Associates now owns 17,847 shares of the transportation company’s stock valued at $1,894,000 after acquiring an additional 443 shares during 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.