XPO (NYSE:XPO) Price Target Raised to $147.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has raised its price target on XPO from $144.00 to $147.00, indicating a potential upside of 23.17% based on the stock's previous close.
• Several other research firms, including Barclays and Citigroup, have also increased their price targets for XPO, with a consensus price target of $138.45 among analysts.
• XPO's stock is currently trading down 0.8% at $119.35, with recent quarterly earnings showing $1.05 per share, exceeding expectations.

XPO (NYSE:XPO - Get Free Report) had its price objective boosted by investment analysts at Wells Fargo & Company from $144.00 to $147.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's target price would indicate a potential upside of 23.17% from the stock's previous close.

A number of other research firms also recently weighed in on XPO. Barclays boosted their target price on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Citigroup upgraded shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Friday. Evercore ISI raised their price target 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. Stephens reiterated an "overweight" rating and issued a $131.00 target price on shares of XPO in a research report on Thursday, June 5th. Finally, Raymond James Financial dropped their target price on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and nineteen have assigned a buy rating to the company. According to MarketBeat, XPO presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.45.

XPO Stock Down 0.8%

XPO stock traded down $0.94 during midday trading on Friday, reaching $119.35. The stock had a trading volume of 471,626 shares, compared to its average volume of 1,630,581. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a market capitalization of $14.06 billion, a P/E ratio of 36.74, a PEG ratio of 2.56 and a beta of 1.93. The company has a fifty day moving average price of $125.48 and a two-hundred day moving average price of $120.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Capital Research Global Investors raised its position in XPO by 18.5% during the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after buying an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of XPO during the 4th quarter worth about $231,667,000. Capital World Investors raised its stake in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after purchasing an additional 1,605,001 shares during the period. Durable Capital Partners LP raised its stake in shares of XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock valued at $215,730,000 after purchasing an additional 1,426,394 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in XPO by 854.2% in the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock worth $59,335,000 after purchasing an additional 493,736 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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