XPO (NYSE:XPO) PT Raised to $139.00 at Bank of America

XPO (NYSE:XPO) had its target price boosted by stock analysts at Bank of America from $137.00 to $139.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price indicates a potential upside of 13.65% from the company’s previous close.

A number of other equities research analysts have also weighed in on XPO. Susquehanna raised their price objective on XPO from $100.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Barclays lifted their target price on XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. The Goldman Sachs Group lifted their price target on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets lifted their target price on XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upped their price target on XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.65.

XPO Stock Down 0.9 %

Shares of NYSE:XPO opened at $122.31 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO has a 52-week low of $33.12 and a 52-week high of $130.51. The stock’s fifty day simple moving average is $122.29 and its 200-day simple moving average is $96.88. The company has a market capitalization of $14.23 billion, a P/E ratio of 75.97, a P/E/G ratio of 3.03 and a beta of 2.19.

XPO (NYSE:XPO) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.15. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. As a group, equities research analysts forecast that XPO will post 3.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several large investors have recently added to or reduced their stakes in XPO. Rice Hall James & Associates LLC raised its holdings in XPO by 11.4% in the 1st quarter. Rice Hall James & Associates LLC now owns 333,227 shares of the transportation company’s stock valued at $24,259,000 after acquiring an additional 34,158 shares in the last quarter. Fairfield Bush & CO. acquired a new position in shares of XPO in the 1st quarter worth approximately $147,000. American Century Companies Inc. raised its holdings in shares of XPO by 66.8% in the 1st quarter. American Century Companies Inc. now owns 7,070 shares of the transportation company’s stock worth $515,000 after buying an additional 2,832 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of XPO by 14.2% in the 1st quarter. HighTower Advisors LLC now owns 8,968 shares of the transportation company’s stock worth $654,000 after buying an additional 1,117 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of XPO in the 1st quarter worth approximately $242,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

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.