XPO (NYSE:XPO – Get Free Report) had its price objective increased by analysts at Benchmark from $150.00 to $155.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Benchmark’s target price indicates a potential upside of 12.01% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group boosted their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus lowered XPO from a “buy” rating to a “hold” rating and reduced their target price for the stock from $131.00 to $124.00 in a report on Wednesday. Susquehanna lowered XPO from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $155.00 in a research note on Tuesday, January 7th. Barclays lifted their price objective on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company cut their target price on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.
Get Our Latest Analysis on XPO
XPO Stock Performance
XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that XPO will post 3.6 earnings per share for the current year.
Institutional Investors Weigh In On XPO
Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of XPO in the third quarter worth $534,000. Traynor Capital Management Inc. lifted its position in XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. boosted its position in XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after purchasing an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after buying an additional 185,686 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.
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.
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