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

XPO (NYSE:XPO) had its target price lifted by analysts at Benchmark from $155.00 to $160.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Benchmark’s target price would indicate a potential upside of 8.45% from the stock’s previous close.

XPO has been the topic of several other reports. Jefferies Financial Group lifted their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. UBS Group lifted their target price on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday. Oppenheimer lifted their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Citigroup lifted their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, TD Cowen boosted their price target on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.72.

XPO Price Performance

XPO stock traded up $0.62 during midday trading on Friday, reaching $147.53. 817,047 shares of the company’s stock traded hands, compared to its average volume of 1,529,086. The company has a 50-day simple moving average of $141.29 and a two-hundred day simple moving average of $127.70. XPO has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 1.75 and a beta of 2.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. On average, analysts anticipate that XPO will post 3.58 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management bought a new position in XPO in the 3rd quarter valued at about $534,000. Traynor Capital Management Inc. lifted its position in XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after acquiring an additional 13,422 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in XPO in the 4th quarter valued at about $423,000. Finally, PCJ Investment Counsel Ltd. lifted its position in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

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.