XPO (NYSE:XPO) Price Target Raised to $230.00

XPO (NYSE:XPO) had its target price boosted by Bank of America from $228.00 to $230.00 in a report released on Friday, MarketBeat.com reports. Bank of America currently has a buy rating on the transportation company’s stock.

Several other equities analysts have also issued reports on XPO. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Citigroup dropped their target price on XPO from $221.00 to $220.00 and set a “neutral” rating for the company in a research report on Tuesday, September 8th. Raymond James Financial cut their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. TD Cowen increased their price target on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Zacks Research lowered shares of XPO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

XPO Stock Down 0.1%

XPO stock opened at $185.95 on Friday. The company has a market capitalization of $21.77 billion, a PE ratio of 54.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. XPO has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The firm has a 50 day moving average price of $191.03 and a 200 day moving average price of $202.13.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. Research analysts expect that XPO will post 5.42 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Christopher Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David Bates sold 2,615 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the sale, the chief operating officer owned 64,735 shares in the company, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,730 shares of company stock valued at $2,208,974 in the last three months. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in shares of XPO by 23.9% during the third quarter. Versant Capital Management Inc now owns 623 shares of the transportation company’s stock worth $110,000 after buying an additional 120 shares during the period. QRG Capital Management Inc. lifted its stake in XPO by 16.3% in the second quarter. QRG Capital Management Inc. now owns 7,116 shares of the transportation company’s stock worth $1,461,000 after acquiring an additional 997 shares during the last quarter. Andra AP fonden acquired a new position in XPO during the 2nd quarter worth approximately $16,854,000. Tidal Investments LLC grew its holdings in XPO by 45.4% during the 2nd quarter. Tidal Investments LLC now owns 7,452 shares of the transportation company’s stock worth $1,530,000 after acquiring an additional 2,328 shares in the last quarter. Finally, National Pension Service acquired a new position in XPO during the 2nd quarter worth approximately $37,695,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Key XPO News

Here are the key news stories impacting XPO this week:

• Positive Sentiment: Network expansion supports growth outlook: XPO opened new service centers in Mesa, Arizona, and Cameron, Missouri, adding capacity in fast-growing freight markets. The facilities are intended to improve customer service, support shipment growth and strengthen the company’s network. XPO Opens Two New Service Centers in Fast-Growing Freight Markets
• Positive Sentiment: Bank of America remains bullish: Bank of America raised its price target for XPO from $228 to $230 and maintained a “buy” rating, implying meaningful potential appreciation from the referenced trading level. This provides a positive counterweight to more cautious analyst views.
• Neutral Sentiment: Analyst sentiment is divided: Susquehanna lowered its price target from $225 to $194 and assigned a “neutral” rating. The revised target still suggests modest upside, but the reduction indicates more cautious expectations for XPO’s valuation or operating outlook.
• Neutral Sentiment: Executive stock sales were made under trading plans: CFO Kyle Wismans sold 750 shares and COO David Bates sold 2,615 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a discretionary signal about management’s view of the business. CFO SEC Filing
• Negative Sentiment: Zacks downgraded XPO: Zacks Research cut its rating from “strong buy” to “hold,” adding to near-term concerns about valuation and the durability of the company’s growth momentum.

About XPO

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.