XPO (NYSE:XPO) Given New $165.00 Price Target at Jefferies Financial Group

XPO (NYSE:XPO) had its target price raised by Jefferies Financial Group from $150.00 to $165.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 23.02% from the company’s current price.

Several other brokerages also recently issued reports on XPO. Stifel Nicolaus increased their price objective on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $155.00 in a research report on Tuesday. Citigroup upped their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, TD Cowen upped their price target on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.24.

XPO Trading Down 2.2 %

Shares of XPO stock traded down $3.06 on Friday, reaching $134.12. 367,197 shares of the company were exchanged, compared to its average volume of 1,520,404. XPO has a fifty-two week low of $80.26 and a fifty-two week high of $161.00. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a fifty day moving average price of $145.47 and a 200-day moving average price of $123.60.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect that XPO will post 3.62 EPS for the current year.

Institutional Trading of XPO

Large investors have recently modified their holdings of the company. D1 Capital Partners L.P. acquired a new stake in XPO in the 2nd quarter valued at approximately $271,532,000. The Manufacturers Life Insurance Company boosted its position in shares of XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after acquiring an additional 390,320 shares during the period. Holocene Advisors LP grew its stake in shares of XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after acquiring an additional 259,727 shares during the last quarter. Clearbridge Investments LLC increased its position in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

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.