XPO (NYSE:XPO) Price Target Raised to $158.00

XPO (NYSE:XPO) had its price target upped by TD Cowen from $141.00 to $158.00 in a research report released on Friday,Benzinga reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently commented on XPO. UBS Group boosted their price target on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Raymond James Financial lifted their price objective on shares of XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research report on Wednesday, October 8th. Truist Financial set a $145.00 price target on XPO in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus lifted their price target on XPO from $149.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.57.

XPO Price Performance

Shares of NYSE XPO opened at $146.60 on Friday. The stock’s 50-day simple moving average is $139.99 and its two-hundred day simple moving average is $133.47. XPO has a twelve month low of $85.06 and a twelve month high of $155.08. The firm has a market capitalization of $17.21 billion, a P/E ratio of 52.73, a P/E/G ratio of 2.40 and a beta of 2.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last issued its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. As a group, equities analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently bought and sold shares of XPO. Invesco Ltd. lifted its position in XPO by 306.9% in the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after purchasing an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP grew its holdings in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Norges Bank bought a new stake in XPO during the 2nd quarter valued at $168,840,000. Cooke & Bieler LP purchased a new stake in XPO during the 2nd quarter valued at $108,218,000. Finally, Capital World Investors grew its holdings in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.