XPO (NYSE:XPO) Price Target Raised to $257.00 at UBS Group

XPO (NYSE:XPO) had its price target increased by UBS Group from $236.00 to $257.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price indicates a potential upside of 24.33% from the stock’s previous close.

Several other equities analysts have also commented on the company. Citigroup upped their target price on XPO from $221.00 to $236.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Bank of America boosted their price objective on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Oppenheimer increased their target price on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $220.33.

XPO Trading Up 0.2%

NYSE XPO opened at $206.71 on Tuesday. XPO has a one year low of $116.68 and a one year high of $232.05. The company has a 50-day simple moving average of $210.12 and a 200-day simple moving average of $190.76. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $24.27 billion, a PE ratio of 70.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.85.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. XPO’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that XPO will post 4.87 earnings per share for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On XPO

Several institutional investors have recently bought and sold shares of the stock. Toth Financial Advisory Corp increased its stake in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after buying an additional 100 shares during the period. Elyxium Wealth LLC acquired a new position in shares of XPO during the fourth quarter valued at approximately $28,000. Torren Management LLC bought a new stake in XPO during the fourth quarter worth approximately $37,000. Horizon Investments LLC acquired a new stake in XPO in the third quarter worth approximately $39,000. Finally, International Assets Investment Management LLC bought a new position in XPO during the 4th quarter valued at $41,000. Institutional investors and hedge funds 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.