XPO (NYSE:XPO) Price Target Raised to $140.00 at Benchmark

XPO (NYSE:XPO - Free Report) had its target price raised by Benchmark from $125.00 to $140.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the transportation company's stock.

Other equities research analysts have also recently issued reports about the stock. Bank of America upped their price objective on shares of XPO from $137.00 to $139.00 and gave the stock a buy rating in a report on Monday. Citigroup upped their price target on shares of XPO from $100.00 to $135.00 and gave the company a buy rating in a report on Thursday, February 8th. The Goldman Sachs Group upped their price target on shares of XPO from $98.00 to $126.00 and gave the company a buy rating in a report on Thursday, February 8th. Morgan Stanley cut shares of XPO from an equal weight rating to an underweight rating and upped their price target for the company from $75.00 to $80.00 in a report on Monday, February 12th. Finally, TD Cowen upped their price target on shares of XPO from $129.00 to $136.00 and gave the company an outperform rating in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $111.65.

XPO Stock Down 0.9 %

NYSE:XPO traded down $1.06 during trading hours on Tuesday, reaching $122.31. The company's stock had a trading volume of 1,341,061 shares, compared to its average volume of 1,299,823. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 75.35, a price-to-earnings-growth ratio of 3.03 and a beta of 2.19. XPO has a one year low of $33.12 and a one year high of $130.51. The business's 50-day moving average is $121.81 and its 200-day moving average is $96.54. 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 issued its quarterly earnings data 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. XPO's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. Equities research analysts predict that XPO will post 3.46 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XPO. Dorsey Wright & Associates bought a new stake in XPO during the third quarter worth about $1,252,000. Lisanti Capital Growth LLC grew its stake in XPO by 527.2% during the third quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company's stock worth $6,753,000 after buying an additional 76,025 shares during the last quarter. Deutsche Bank AG grew its stake in XPO by 12,894.9% during the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company's stock worth $97,359,000 after buying an additional 1,294,002 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in XPO by 11.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company's stock worth $443,000 after buying an additional 586 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of XPO during the third quarter valued at approximately $27,267,000. 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.