Bank of America Increases XPO (NYSE:XPO) Price Target to $158.00

XPO (NYSE:XPO) had its price objective lifted by analysts at Bank of America from $151.00 to $158.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential upside of 13.22% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Susquehanna restated a “positive” rating and set a $162.00 target price on shares of XPO in a report on Friday, October 31st. Stifel Nicolaus set a $149.00 target price on XPO in a report on Friday, October 31st. Evercore ISI boosted their target price on XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. TD Cowen increased their price target on XPO from $131.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Oppenheimer set a $154.00 price target on XPO and gave the stock an “outperform” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.45.

XPO Trading Up 3.1%

Shares of XPO stock opened at $139.55 on Tuesday. The business has a fifty day simple moving average of $133.16 and a 200-day simple moving average of $129.01. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 2.85 and a beta of 2.03. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last issued its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. On average, equities analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of XPO

A number of hedge funds have recently made changes to their positions in XPO. SouthState Corp purchased a new position in XPO during the first quarter valued at approximately $25,000. Bayforest Capital Ltd boosted its stake in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the period. RMG Wealth Management LLC acquired a new stake in shares of XPO during the 2nd quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of XPO during the 3rd quarter valued at $32,000. Finally, Horizon Investments LLC acquired a new position in shares of XPO in the third quarter worth $39,000. 97.73% of the stock is owned by hedge funds and other 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.