Benchmark Raises XPO (NYSE:XPO) Price Target to $140.00

XPO (NYSE:XPO - Get Free Report) had its price target lifted by investment analysts at Benchmark from $130.00 to $140.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Benchmark's price target points to a potential upside of 9.08% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. UBS Group lifted their price objective on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Stifel Nicolaus dropped their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup cut shares of XPO from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $137.00 to $140.00 in a research note on Wednesday, July 9th. TD Cowen dropped their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, June 27th. Finally, Susquehanna lifted their price objective on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.00.

XPO Price Performance

NYSE XPO traded down $4.08 on Tuesday, reaching $128.35. The company had a trading volume of 1,136,395 shares, compared to its average volume of 1,616,784. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $15.12 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.93. The firm's 50 day moving average price is $122.57 and its 200 day moving average price is $120.61. XPO has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. XPO's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. As a group, equities analysts predict that XPO will post 4.15 earnings per share for the current year.

XPO announced that its board has approved a stock repurchase plan on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On XPO

Several hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its position in shares of XPO by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,298 shares of the transportation company's stock worth $4,584,000 after purchasing an additional 374 shares during the period. Oliver Luxxe Assets LLC raised its stake in shares of XPO by 1.8% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 21,387 shares of the transportation company's stock worth $2,701,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of XPO by 4.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company's stock worth $235,000 after acquiring an additional 78 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of XPO by 63.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company's stock worth $54,000 after acquiring an additional 165 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of XPO by 31.1% during the 2nd quarter. UMB Bank n.a. now owns 1,392 shares of the transportation company's stock worth $176,000 after acquiring an additional 330 shares in the last quarter. Hedge funds and other institutional investors 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.