XPO (NYSE:XPO) Given New $138.00 Price Target at TD Cowen

XPO (NYSE:XPO) had its price objective lifted by TD Cowen from $136.00 to $138.00 in a research report released on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Barclays lifted their target price on shares of XPO from $100.00 to $125.00 and gave the stock an overweight rating in a research note on Thursday, February 8th. Benchmark upped their price target on XPO from $125.00 to $140.00 and gave the company a buy rating in a research note on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on shares of XPO from $98.00 to $126.00 and gave the stock a buy rating in a research report on Thursday, February 8th. BMO Capital Markets raised their target price on XPO from $100.00 to $145.00 and gave the company an outperform rating in a report on Thursday, February 8th. Finally, Oppenheimer boosted their price target on shares of XPO from $130.00 to $140.00 and gave the stock an outperform rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $114.95.

XPO Price Performance

Shares of XPO stock opened at $110.70 on Monday. The firm has a market cap of $12.88 billion, a PE ratio of 54.26, a P/E/G ratio of 2.69 and a beta of 2.17. XPO has a twelve month low of $45.24 and a twelve month high of $130.51. The company has a quick ratio of 1.00, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. The business has a 50-day moving average price of $120.60 and a 200 day moving average price of $100.62.

XPO (NYSE:XPO) last posted its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that XPO will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of XPO

Hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of XPO during the first quarter worth $27,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after acquiring an additional 211 shares during the period. Riverview Trust Co purchased a new stake in shares of XPO in the first quarter valued at about $31,000. ORG Partners LLC acquired a new position in shares of XPO during the first quarter worth about $36,000. Finally, Rise Advisors LLC purchased a new position in XPO during the first quarter worth about $37,000. 97.73% of the stock is owned by institutional investors and hedge funds.

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.