XPO (NYSE:XPO) Given New $140.00 Price Target at Oppenheimer

XPO (NYSE:XPO) had its price target hoisted by Oppenheimer from $130.00 to $140.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other equities analysts have also weighed in on XPO. Bank of America increased their price objective on XPO from $132.00 to $137.00 and gave the company a buy rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. increased their price objective on XPO from $97.00 to $122.00 and gave the company an overweight rating in a report on Thursday, February 8th. Stifel Nicolaus increased their price objective on XPO from $77.00 to $87.00 and gave the company a hold rating in a report on Wednesday, January 10th. Barclays increased their target price on XPO from $100.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. Finally, Susquehanna increased their target price on XPO from $100.00 to $140.00 and gave the stock a positive rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $106.30.

XPO Stock Performance

XPO stock opened at $125.70 on Wednesday. The firm has a market cap of $14.62 billion, a PE ratio of 78.07, a P/E/G ratio of 3.10 and a beta of 2.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The business has a 50 day moving average of $119.86 and a 200-day moving average of $95.21. XPO has a 12-month low of $31.46 and a 12-month high of $130.51.

XPO (NYSE:XPO) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the company posted $0.98 earnings per share. XPO’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that XPO will post 3.46 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently modified their holdings of the business. Flputnam Investment Management Co. lifted its position in XPO by 1.9% during the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock valued at $580,000 after acquiring an additional 145 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in XPO by 3.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,683 shares of the transportation company’s stock valued at $410,000 after acquiring an additional 147 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in XPO by 1.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock valued at $1,046,000 after acquiring an additional 160 shares during the last quarter. CWM LLC lifted its position in XPO by 25.2% during the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 160 shares during the last quarter. Finally, M&T Bank Corp lifted its position in XPO by 3.1% during the third quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock valued at $408,000 after acquiring an additional 165 shares during the last quarter. 97.73% of the stock is currently owned by 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.