Citigroup Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO) had its price objective increased by analysts at Citigroup from $167.00 to $205.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price objective would suggest a potential upside of 2.60% from the company’s current price.

XPO has been the subject of several other research reports. Morgan Stanley reaffirmed an “underweight” rating and set a $95.00 price objective on shares of XPO in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of XPO in a report on Friday. Benchmark reiterated a “buy” rating on shares of XPO in a report on Friday. Rothschild & Co Redburn set a $156.00 target price on XPO in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. boosted their target price on XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.00.

XPO Stock Performance

Shares of XPO opened at $199.81 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm’s fifty day simple moving average is $150.83 and its two-hundred day simple moving average is $138.10. XPO has a 12 month low of $85.06 and a 12 month high of $207.04. The stock has a market capitalization of $23.41 billion, a P/E ratio of 75.40, a price-to-earnings-growth ratio of 2.74 and a beta of 2.01.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.89 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that XPO will post 4.15 EPS for the current year.

Institutional Trading of XPO

Institutional investors have recently made changes to their positions in the company. Bayforest Capital Ltd boosted its holdings in XPO by 72.8% during the third 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. Toth Financial Advisory Corp lifted its position in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of XPO during the 4th quarter worth approximately $28,000. Root Financial Partners LLC purchased a new position in shares of XPO in the 3rd quarter worth approximately $32,000. Finally, Torren Management LLC bought a new position in shares of XPO in the fourth quarter valued at approximately $37,000. Institutional investors own 97.73% of the company’s stock.

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.