XPO (NYSE:XPO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

XPO (NYSE:XPO) had its target price upped by research analysts at Wells Fargo & Company from $205.00 to $225.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 10.48% from the company’s current price.

XPO has been the subject of a number of other reports. TD Cowen restated a “buy” rating on shares of XPO in a report on Friday, February 6th. Barclays set a $195.00 target price on shares of XPO and gave the stock an “overweight” rating in a report on Friday, February 6th. Evercore set a $200.00 target price on shares of XPO in a report on Friday, February 6th. Citigroup raised their target price on shares of XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Stifel Nicolaus raised their target price on shares of XPO from $166.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.10.

XPO Price Performance

Shares of XPO stock traded down $1.47 on Tuesday, hitting $203.65. The company had a trading volume of 70,580 shares, compared to its average volume of 1,732,881. The business has a 50-day simple moving average of $191.49 and a 200-day simple moving average of $156.74. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $23.86 billion, a PE ratio of 76.94, a PEG ratio of 2.60 and a beta of 1.94. XPO has a 52 week low of $87.24 and a 52 week high of $220.50.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. Research analysts expect that XPO will post 4.15 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Bayforest Capital Ltd lifted its position in XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of XPO during the 4th quarter valued at $28,000. Root Financial Partners LLC bought a new position in shares of XPO during the 3rd quarter valued at $32,000. Finally, Torren Management LLC bought a new position in shares of XPO during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.