XPO (NYSE:XPO) PT Raised to $140.00 at Oppenheimer

XPO (NYSE:XPO - Free Report) had its price objective lifted by Oppenheimer from $130.00 to $140.00 in a report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the transportation company's stock.

Several other research firms have also issued reports on XPO. BMO Capital Markets boosted their price target on shares of XPO from $100.00 to $145.00 and gave the company an outperform rating in a research report on Thursday, February 8th. Barclays lifted their price target on XPO from $100.00 to $125.00 and gave the company an overweight rating in a research report on Thursday, February 8th. Susquehanna increased their price objective on XPO from $100.00 to $140.00 and gave the stock a positive rating in a report on Thursday, February 8th. Stifel Nicolaus lifted their target price on XPO from $77.00 to $87.00 and gave the company a hold rating in a report on Wednesday, January 10th. Finally, Citigroup increased their price target on shares of XPO from $100.00 to $135.00 and gave the stock a buy rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $106.30.

XPO Stock Performance

Shares of XPO stock traded down $1.64 during trading hours on Wednesday, hitting $125.70. 656,202 shares of the company were exchanged, compared to its average volume of 1,320,407. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 78.53, a P/E/G ratio of 3.10 and a beta of 2.19. The firm has a fifty day simple moving average of $119.06 and a 200 day simple moving average of $95.00. XPO has a 52-week low of $31.46 and a 52-week high of $130.51.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.15. The business had revenue of $1.94 billion during 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 business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. Research analysts predict that XPO will post 3.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently made changes to their positions in the business. Dorsey Wright & Associates bought a new stake in XPO in the third quarter valued at approximately $1,252,000. Barclays PLC raised its holdings in XPO by 276.0% during the 2nd quarter. Barclays PLC now owns 340,813 shares of the transportation company's stock valued at $20,108,000 after buying an additional 250,180 shares during the last quarter. Lisanti Capital Growth LLC boosted its position in XPO by 527.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company's stock valued at $6,753,000 after buying an additional 76,025 shares during the period. Deutsche Bank AG grew its holdings in XPO by 12,894.9% in the 3rd quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company's stock worth $97,359,000 after acquiring an additional 1,294,002 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of XPO by 11.0% in the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company's stock valued at $443,000 after acquiring an additional 586 shares during the period. Institutional investors own 97.73% of the company's stock.

XPO Company Profile

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.