Susquehanna Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its target price upped by Susquehanna from $212.00 to $214.00 in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other research firms have also recently commented on XPO. Barclays upped their price target on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Bank of America boosted their price objective on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. raised their target price on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Oppenheimer lifted their target price on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.57.

XPO Stock Performance

NYSE XPO opened at $209.78 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The business has a fifty day moving average of $208.77 and a 200-day moving average of $193.54. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 71.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. As a group, analysts predict that XPO will post 4.9 earnings per share for the current fiscal year.

Insider Transactions at XPO

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

Institutional Trading of XPO

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi increased its stake in shares of XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after purchasing an additional 1,820 shares in the last quarter. AQR Capital Management LLC raised its stake in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after purchasing an additional 1,243 shares during the last quarter. NewEdge Advisors LLC raised its stake in XPO by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in XPO in the 2nd quarter valued at about $611,000. 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.