Citigroup Boosts XPO (NYSE:XPO) Price Target to $207.00

XPO (NYSE:XPO) had its target price raised by equities research analysts at Citigroup from $205.00 to $207.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Citigroup’s target price would suggest a potential downside of 2.39% from the company’s previous close.

XPO has been the subject of several other research reports. Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and upped their target price for the stock from $160.00 to $210.00 in a report on Wednesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a report on Tuesday, March 10th. Benchmark reissued a “buy” rating on shares of XPO in a research note on Tuesday, March 3rd. UBS Group set a $210.00 target price on XPO and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Stifel Nicolaus lifted their target price on XPO from $166.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $183.19.

XPO Price Performance

NYSE XPO opened at $212.07 on Tuesday. XPO has a 12 month low of $87.24 and a 12 month high of $220.50. The stock has a market cap of $24.84 billion, a price-to-earnings ratio of 80.03, a PEG ratio of 2.60 and a beta of 1.94. The company’s 50 day moving average is $193.80 and its two-hundred day moving average is $157.61. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XPO. Amundi boosted its position in shares of XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after acquiring an additional 1,820 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of XPO by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after buying an additional 355 shares during the last quarter. M&T Bank Corp increased its holdings in shares of XPO by 6.8% in the 2nd quarter. M&T Bank Corp now owns 5,255 shares of the transportation company’s stock worth $664,000 after buying an additional 335 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Company Profile

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.