XPO (NYSE:XPO) Price Target Raised to $158.00

XPO (NYSE:XPO) had its price objective boosted by equities researchers at Bank of America from $151.00 to $158.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target would suggest a potential upside of 10.29% from the company’s current price.

XPO has been the subject of several other research reports. Cowen reaffirmed a “buy” rating on shares of XPO in a research note on Friday, October 31st. Stifel Nicolaus set a $149.00 target price on XPO in a report on Friday, October 31st. UBS Group increased their price target on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Truist Financial set a $145.00 price objective on XPO in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of XPO in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.23.

XPO Stock Up 0.8%

NYSE XPO opened at $143.26 on Tuesday. The business has a fifty day moving average price of $132.93 and a 200 day moving average price of $128.89. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The company has a market cap of $16.82 billion, a P/E ratio of 49.57, a P/E/G ratio of 2.51 and a beta of 2.03. XPO has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO) last released its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. Research analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On XPO

A number of large investors have recently modified their holdings of XPO. Bayforest Capital Ltd lifted its position in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. RMG Wealth Management LLC purchased a new position in XPO in the second quarter valued at approximately $26,000. SouthState Corp purchased a new position in shares of XPO in the 1st quarter valued at $25,000. Root Financial Partners LLC purchased a new position in shares of XPO during the third quarter worth about $32,000. Finally, Horizon Investments LLC acquired a new position in shares of XPO in the 3rd quarter valued at $39,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

About XPO

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.