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

XPO (NYSE:XPO) had its price objective raised by equities researchers at Citigroup from $205.00 to $207.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Citigroup’s price objective would indicate a potential upside of 3.22% from the company’s previous close.

Several other research firms also recently weighed in on XPO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of XPO in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. BMO Capital Markets set a $230.00 target price on shares of XPO in a report on Thursday, February 19th. Susquehanna cut shares of XPO from a “positive” rating to a “neutral” rating and raised their price target for the company from $160.00 to $210.00 in a research report on Wednesday, February 11th. Finally, Barclays set a $195.00 price target on shares of XPO and gave the company an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.19.

XPO Trading Down 2.2%

Shares of NYSE XPO traded down $4.59 during midday trading on Tuesday, reaching $200.54. 1,619,667 shares of the stock were exchanged, compared to its average volume of 1,757,728. XPO has a twelve month low of $87.24 and a twelve month high of $220.50. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day simple moving average of $191.49 and a 200 day simple moving average of $156.74. The stock has a market capitalization of $23.49 billion, a P/E ratio of 75.67, a PEG ratio of 2.60 and a beta of 1.94.

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

Institutional Investors Weigh In On XPO

Several institutional investors have recently modified their holdings of XPO. Durable Capital Partners LP lifted its position in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Norges Bank purchased a new stake in XPO in the fourth quarter valued at $204,304,000. Bessemer Group Inc. lifted its position in XPO by 228,761.0% in the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock valued at $152,411,000 after acquiring an additional 1,120,929 shares during the last quarter. Invesco Ltd. lifted its position in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares during the last quarter. Finally, Capital World Investors lifted its position in XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other 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.