XPO (NYSE:XPO) PT Raised to $140.00 at Benchmark

XPO (NYSE:XPO) had its price objective hoisted by Benchmark from $125.00 to $140.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Benchmark’s target price would indicate a potential upside of 14.96% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Barclays boosted their price objective on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Raymond James upped their price objective on shares of XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley cut shares of XPO from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Monday, February 12th. Finally, StockNews.com cut shares of XPO from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.65.

XPO Stock Down 1.3 %

Shares of XPO traded down $1.59 during trading hours on Tuesday, reaching $121.78. 144,952 shares of the stock traded hands, compared to its average volume of 1,282,738. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a fifty day simple moving average of $121.81 and a 200 day simple moving average of $96.54. XPO has a 52 week low of $33.12 and a 52 week high of $130.51. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 75.35, a PEG ratio of 3.03 and a beta of 2.19.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that XPO will post 3.46 EPS for the current year.

Institutional Trading of XPO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flputnam Investment Management Co. increased its position in shares of XPO by 1.9% during the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after acquiring an additional 145 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in XPO by 3.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,683 shares of the transportation company’s stock valued at $410,000 after buying an additional 147 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in 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 buying an additional 160 shares during the period. CWM LLC increased its holdings in XPO by 25.2% during the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after buying an additional 160 shares during the period. Finally, M&T Bank Corp increased its holdings in XPO by 3.1% during the third quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock valued at $408,000 after buying an additional 165 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Company Profile

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.