TD Cowen Boosts XPO (NYSE:XPO) Price Target to $150.00

XPO (NYSE:XPO) had its price target boosted by TD Cowen from $137.00 to $150.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price suggests a potential upside of 15.22% from the stock’s previous close.

Other analysts have also issued research reports about the company. Wells Fargo & Company dropped their price objective on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Susquehanna increased their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Oppenheimer restated an “outperform” rating and issued a $140.00 price objective on shares of XPO in a research report on Friday, October 4th. The Goldman Sachs Group dropped their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Benchmark restated a “buy” rating and set a $140.00 price target on shares of XPO in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.38.

XPO Price Performance

Shares of XPO stock opened at $130.19 on Thursday. The firm has a market capitalization of $15.15 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 2.19 and a beta of 2.10. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 2.04. XPO has a 12 month low of $78.01 and a 12 month high of $138.71. The business’s 50-day moving average price is $112.67 and its 200-day moving average price is $111.32.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Sell-side analysts forecast that XPO will post 3.53 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. ORG Wealth Partners LLC bought a new position in shares of XPO in the 3rd quarter worth about $25,000. Blue Trust Inc. increased its stake in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new stake in shares of XPO in the 2nd quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in shares of XPO in the 1st quarter worth approximately $36,000. Finally, International Assets Investment Management LLC bought a new position in XPO during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.