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

XPO (NYSE:XPO) had its target price increased by Benchmark from $125.00 to $140.00 in a report published on Tuesday, Benzinga reports. Benchmark currently has a buy rating on the transportation company’s stock.

A number of other research firms have also commented on XPO. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $97.00 to $122.00 and gave the company an overweight rating in a research note on Thursday, February 8th. Barclays lifted their price objective on shares of XPO from $100.00 to $125.00 and gave the company an overweight rating in a research note on Thursday, February 8th. Bank of America lifted their price objective on shares of XPO from $137.00 to $139.00 and gave the company a buy rating in a research note on Monday, April 15th. Citigroup lifted their price objective on shares of XPO from $100.00 to $135.00 and gave the company a buy rating in a research note on Thursday, February 8th. Finally, Morgan Stanley downgraded shares of XPO from an equal weight rating to an underweight rating and lifted their target price for the company from $75.00 to $80.00 in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $111.65.

XPO Price Performance

Shares of NYSE:XPO opened at $114.52 on Tuesday. The company’s fifty day moving average price is $122.16 and its 200 day moving average price is $97.44. XPO has a 12 month low of $38.60 and a 12 month high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $13.32 billion, a P/E ratio of 71.13, a P/E/G ratio of 2.86 and a beta of 2.19.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $0.98 EPS. XPO’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that XPO will post 3.47 earnings per share for the current fiscal year.

Institutional Trading of XPO

A number of institutional investors have recently added to or reduced their stakes in the stock. Flputnam Investment Management Co. boosted its holdings in XPO by 1.9% during the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after buying an additional 145 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of XPO by 3.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,683 shares of the transportation company’s stock valued at $410,000 after purchasing an additional 147 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of XPO by 1.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock valued at $1,046,000 after purchasing an additional 160 shares in the last quarter. CWM LLC lifted its holdings in shares of XPO by 25.2% in the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 160 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of XPO by 3.1% in the third quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 165 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.