XPO (NYSE:XPO) Price Target Increased to $139.00 by Analysts at Bank of America

XPO (NYSE:XPO) had its price target lifted by Bank of America from $137.00 to $139.00 in a research note published on Monday morning, Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on XPO. Morgan Stanley cut XPO from an equal weight rating to an underweight rating and increased their target price for the stock from $75.00 to $80.00 in a report on Monday, February 12th. StockNews.com cut XPO from a hold rating to a sell rating in a report on Thursday, December 28th. Barclays increased their target price on XPO from $100.00 to $125.00 and gave the stock an overweight rating in a report on Thursday, February 8th. Citigroup increased their target price on XPO from $100.00 to $135.00 and gave the stock a buy rating in a report on Thursday, February 8th. Finally, The Goldman Sachs Group increased their target price on XPO from $98.00 to $126.00 and gave the stock a buy rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $109.15.

XPO Stock Performance

Shares of XPO stock opened at $123.26 on Monday. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 76.56, a price-to-earnings-growth ratio of 3.03 and a beta of 2.19. XPO has a 52 week low of $33.12 and a 52 week high of $130.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm has a 50 day moving average of $121.81 and a 200-day moving average of $96.54.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, equities analysts forecast that XPO will post 3.46 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Hedge funds have recently made changes to their positions in the business. Rice Hall James & Associates LLC increased its holdings in XPO by 11.4% in the 1st quarter. Rice Hall James & Associates LLC now owns 333,227 shares of the transportation company’s stock worth $24,259,000 after acquiring an additional 34,158 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in XPO in the 1st quarter worth about $147,000. American Century Companies Inc. increased its holdings in XPO by 66.8% in the 1st quarter. American Century Companies Inc. now owns 7,070 shares of the transportation company’s stock worth $515,000 after acquiring an additional 2,832 shares during the last quarter. HighTower Advisors LLC increased its holdings in XPO by 14.2% in the 1st quarter. HighTower Advisors LLC now owns 8,968 shares of the transportation company’s stock worth $654,000 after acquiring an additional 1,117 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in XPO in the 1st quarter worth about $242,000. 97.73% of the stock is currently owned by institutional investors.

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.