BMO Capital Markets Boosts XPO (NYSE:XPO) Price Target to $145.00

XPO (NYSE:XPOGet Free Report) had its price target upped by analysts at BMO Capital Markets from $100.00 to $145.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 22.39% from the company’s current price.

Several other analysts have also issued reports on XPO. Citigroup boosted their target price on XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com cut XPO from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. TD Cowen increased their target price on shares of XPO from $96.00 to $129.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Susquehanna raised their price objective on shares of XPO from $100.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.09.

View Our Latest Analysis on XPO

XPO Stock Performance

Shares of NYSE:XPO traded up $1.93 during midday trading on Thursday, reaching $118.47. The company had a trading volume of 1,673,751 shares, compared to its average volume of 1,512,232. The stock has a market cap of $13.74 billion, a P/E ratio of 382.48, a P/E/G ratio of 2.46 and a beta of 2.10. The company’s 50 day moving average price is $86.94 and its 200 day moving average price is $79.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO has a 52-week low of $29.02 and a 52-week high of $120.82.

XPO (NYSE:XPOGet Free Report) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. XPO had a net margin of 0.48% and a return on equity of 33.40%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that XPO will post 2.77 EPS for the current fiscal year.

Institutional Trading of XPO

Hedge funds have recently bought and sold shares of the company. Flputnam Investment Management Co. raised its position in shares of XPO by 1.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after purchasing an additional 145 shares during the last quarter. US Bancorp DE lifted its stake in shares of XPO by 1.2% in the second quarter. US Bancorp DE now owns 13,743 shares of the transportation company’s stock worth $811,000 after buying an additional 159 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of XPO by 1.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock valued at $1,046,000 after acquiring an additional 160 shares in the last quarter. CWM LLC raised its holdings in XPO by 25.2% in the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after acquiring an additional 160 shares during the last quarter. Finally, M&T Bank Corp lifted its position in XPO by 3.1% in the 3rd quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock valued at $408,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

About XPO

(Get Free Report)

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.

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Analyst Recommendations for XPO (NYSE:XPO)

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