XPO (NYSE:XPO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised its price target on XPO to $225 (from $205) and kept an Overweight rating, implying about a 10.5% upside from the prior close.
• XPO topped quarterly estimates with $0.88 EPS (vs. $0.76) and $2.01B revenue (vs. $1.95B), while reporting a 3.87% net margin and 25.07% return on equity; analysts expect roughly 4.15 EPS for the year.
• Shares traded at $203.65 (down 0.7%) with a $23.86B market cap and a high P/E of 76.94, and the consensus rating is a Moderate Buy with an average target of $183.10 amid mostly Buy/Outperform recommendations.

XPO (NYSE:XPO - Get Free Report) had its price objective lifted by analysts at Wells Fargo & Company from $205.00 to $225.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price target indicates a potential upside of 10.48% from the company's previous close.

A number of other equities research analysts have also issued reports on the stock. Truist Financial upped their target price on shares of XPO from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Zacks Research upgraded shares of XPO from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 12th. Oppenheimer increased their price objective on shares of XPO from $198.00 to $228.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 3rd. Citigroup increased their price objective on shares of XPO from $167.00 to $205.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. Finally, Stephens reiterated an "overweight" rating and set a $170.00 price objective on shares of XPO in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $183.10.

XPO Stock Down 0.7%

XPO stock traded down $1.47 during trading on Tuesday, reaching $203.65. The stock had a trading volume of 70,580 shares, compared to its average volume of 1,732,881. XPO has a 1-year low of $87.24 and a 1-year high of $220.50. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $23.86 billion, a P/E ratio of 76.94, a PEG ratio of 2.60 and a beta of 1.94. The firm has a fifty day moving average price of $191.49 and a 200 day moving average price of $156.74.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that XPO will post 4.15 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Large investors have recently made changes to their positions in the company. Bayforest Capital Ltd boosted its holdings in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company's stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of XPO in the fourth quarter valued at approximately $28,000. Root Financial Partners LLC bought a new position in shares of XPO in the third quarter valued at approximately $32,000. Finally, Torren Management LLC bought a new position in shares of XPO in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Company Profile

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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