XPO (NYSE:XPO) Stock Price Expected to Rise, TD Cowen Analyst Says

XPO (NYSE:XPO) had its price objective boosted by equities researchers at TD Cowen from $141.00 to $158.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price points to a potential upside of 7.78% from the company’s current price.

A number of other brokerages also recently commented on XPO. Rothschild Redb raised shares of XPO to a “strong-buy” rating in a research report on Wednesday, November 26th. Redburn Partners set a $156.00 price target on XPO in a report on Wednesday, November 26th. Oppenheimer set a $154.00 price objective on XPO and gave the company an “outperform” rating in a research note on Friday, October 31st. Truist Financial set a $145.00 target price on XPO in a research note on Tuesday, October 14th. Finally, Cowen reissued a “buy” rating on shares of XPO in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.57.

XPO Trading Up 1.9%

XPO stock opened at $146.60 on Friday. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 52.73, a P/E/G ratio of 2.38 and a beta of 2.02. The firm has a 50-day moving average of $139.99 and a 200-day moving average of $133.41. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. XPO has a one year low of $85.06 and a one year high of $155.08.

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

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vise Technologies Inc. increased its stake in shares of XPO by 3.4% in the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after buying an additional 76 shares during the period. GAMMA Investing LLC grew its holdings in XPO by 4.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock worth $235,000 after acquiring an additional 78 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 82 shares during the last quarter. Archer Investment Corp lifted its holdings in shares of XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after purchasing an additional 82 shares during the period. Finally, Bayforest Capital Ltd raised its position in XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.