XPO (NYSE:XPO) Given New $136.00 Price Target at Stifel Nicolaus

Key Points

• XPO has had its price target revised down from $145.00 to $136.00 by Stifel Nicolaus, despite maintaining a "buy" rating, suggesting a potential upside of 13.05% from its previous close.
• Multiple analysts have differing views on XPO, with targets ranging from $125.00 to $150.00 and an overall consensus rating of "Moderate Buy."
• XPO reported $1.05 EPS for the last quarter, surpassing estimates, while its revenue increased slightly from the previous year, reaching $2.08 billion.

XPO (NYSE:XPO - Get Free Report) had its price target dropped by stock analysts at Stifel Nicolaus from $145.00 to $136.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' price target would suggest a potential upside of 13.05% from the company's previous close.

A number of other research analysts also recently commented on the company. Susquehanna boosted their target price on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Oppenheimer boosted their price target on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, July 7th. Evercore ISI raised their price objective on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Raymond James Financial reduced their target price on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup upgraded shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Stock Up 0.0%

Shares of XPO stock traded up $0.01 during trading on Friday, hitting $120.30. 749,193 shares of the company were exchanged, compared to its average volume of 1,633,768. The business's 50-day simple moving average is $125.48 and its 200 day simple moving average is $120.49. XPO has a twelve month low of $85.06 and a twelve month high of $161.00. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 2.56 and a beta of 1.93. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the business posted $1.12 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of XPO by 57.3% in the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after purchasing an additional 27,034 shares during the period. Renaissance Technologies LLC lifted its stake in XPO by 40.0% in the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock valued at $31,138,000 after buying an additional 67,800 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of XPO in the first quarter valued at approximately $247,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of XPO by 14.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after buying an additional 3,057 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of XPO by 29.6% during the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after acquiring an additional 425,678 shares during the period. Institutional investors and hedge funds 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.

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