UBS Group Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target raised by UBS Group from $159.00 to $170.00 in a research note published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Barclays cut their price objective on XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $165.00 price target on shares of XPO in a research report on Wednesday, December 4th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and raised their price objective for the company from $155.00 to $180.00 in a research report on Friday. TD Cowen boosted their target price 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. Finally, Jefferies Financial Group increased their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.72.

XPO Trading Up 1.0 %

Shares of XPO stock opened at $148.32 on Friday. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The stock has a market capitalization of $17.26 billion, a P/E ratio of 45.92, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The company has a 50-day simple moving average of $141.29 and a 200 day simple moving average of $127.70. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Research analysts expect that XPO will post 4.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in XPO by 151.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,748 shares of the transportation company’s stock worth $186,000 after acquiring an additional 1,052 shares during the last quarter. GAMMA Investing LLC raised its holdings in XPO by 50.3% in the third quarter. GAMMA Investing LLC now owns 944 shares of the transportation company’s stock worth $101,000 after purchasing an additional 316 shares during the period. Atomi Financial Group Inc. bought a new position in shares of XPO during the third quarter worth $205,000. UMB Bank n.a. grew its holdings in shares of XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after buying an additional 353 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in shares of XPO by 181.4% in the 3rd quarter. Gateway Investment Advisers LLC now owns 31,528 shares of the transportation company’s stock valued at $3,390,000 after buying an additional 20,326 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.