Bank of America Boosts XPO (NYSE:XPO) Price Target to $139.00

XPO (NYSE:XPO - Free Report) had its price objective lifted by Bank of America from $137.00 to $139.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a buy rating on the transportation company's stock.

A number of other analysts have also issued reports on the company. Oppenheimer boosted their price target on XPO from $130.00 to $140.00 and gave the company an outperform rating in a report on Wednesday, April 10th. BMO Capital Markets boosted their price target on XPO from $100.00 to $145.00 and gave the company an outperform rating in a report on Thursday, February 8th. Morgan Stanley lowered XPO from an equal weight rating to an underweight rating and boosted their price target for the company from $75.00 to $80.00 in a report on Monday, February 12th. The Goldman Sachs Group boosted their price target on XPO from $98.00 to $126.00 and gave the company a buy rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. boosted their price target on XPO from $97.00 to $122.00 and gave the company an overweight rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, XPO has an average rating of Moderate Buy and a consensus target price of $109.15.

XPO Trading Down 2.0 %

Shares of NYSE:XPO traded down $2.54 during trading hours on Monday, hitting $123.26. 1,028,564 shares of the company's stock traded hands, compared to its average volume of 1,299,268. XPO has a 1 year low of $33.12 and a 1 year high of $130.51. The business has a fifty day moving average price of $121.25 and a 200-day moving average price of $96.20. The firm has a market capitalization of $14.34 billion, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 3.03 and a beta of 2.19. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts expect that XPO will post 3.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Money Concepts Capital Corp grew its position in XPO by 673.0% during the fourth quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company's stock worth $26,000 after buying an additional 673 shares during the period. Mather Group LLC. acquired a new position in XPO during the first quarter worth about $27,000. Benjamin F. Edwards & Company Inc. grew its position in XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company's stock worth $30,000 after buying an additional 211 shares during the period. International Assets Investment Management LLC acquired a new position in XPO during the third quarter worth about $31,000. Finally, Riverview Trust Co acquired a new position in XPO during the first quarter worth about $31,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.