XPO (NYSE:XPO) Given New $275.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies raised its price target on XPO from $250 to $275 and maintains a "buy" rating, implying roughly a 24.5% upside from the prior close.
• The Jefferies target is well above the Street consensus — XPO's average analyst price target is about $190.86 with an overall rating of "Moderate Buy."
• XPO recently beat quarterly estimates (EPS $0.88 vs $0.76; revenue $2.01B vs $1.95B), but trades at a high valuation (P/E ≈ 83x) around $220.83 and has heavy institutional ownership (~97.7%).

XPO (NYSE:XPO - Get Free Report) had its target price increased by Jefferies Financial Group from $250.00 to $275.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Jefferies Financial Group's price target points to a potential upside of 24.53% from the stock's previous close.

XPO has been the topic of a number of other research reports. Zacks Research upgraded XPO from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 12th. The Goldman Sachs Group reiterated a "buy" rating and set a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Truist Financial increased their target price on XPO from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Wolfe Research lowered XPO from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 8th. Finally, TD Cowen reiterated a "buy" rating on shares of XPO in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, XPO currently has an average rating of "Moderate Buy" and an average price target of $190.86.

XPO Stock Performance

Shares of XPO traded down $6.78 during mid-day trading on Wednesday, reaching $220.83. The company's stock had a trading volume of 949,687 shares, compared to its average volume of 1,679,293. XPO has a 1-year low of $93.82 and a 1-year high of $231.46. The stock has a market cap of $25.93 billion, a P/E ratio of 83.33, a PEG ratio of 2.99 and a beta of 1.94. The business has a 50-day simple moving average of $200.91 and a two-hundred day simple moving average of $163.46. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period last year, the firm posted $0.89 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that XPO will post 4.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in XPO by 7.3% during the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company's stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the period. Invesco Ltd. increased its stake in XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP increased its stake in XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company's stock worth $559,905,000 after acquiring an additional 736,224 shares during the period. Orbis Allan Gray Ltd increased its stake in XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company's stock worth $496,423,000 after acquiring an additional 499,220 shares during the period. Finally, Clearbridge Investments LLC increased its stake in XPO by 9.7% during the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company's stock worth $403,684,000 after acquiring an additional 261,935 shares during the period. Institutional investors own 97.73% of the company's stock.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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