Citigroup Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO) had its price objective lifted by research analysts at Citigroup from $155.00 to $179.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 19.73% from the stock’s current price.

A number of other equities research analysts have also weighed in on XPO. Evercore ISI lowered their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Stephens reissued an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. JPMorgan Chase & Co. lowered their price target on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Stifel Nicolaus increased their price target on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, TD Cowen raised their price objective on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Stock Performance

NYSE:XPO opened at $149.50 on Tuesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $17.40 billion, a P/E ratio of 48.79, a P/E/G ratio of 2.37 and a beta of 2.07. XPO has a 1 year low of $78.72 and a 1 year high of $156.85. The business has a fifty day simple moving average of $117.02 and a two-hundred day simple moving average of $112.73.

XPO (NYSE:XPO) last posted its quarterly 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. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts expect that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of XPO in the third quarter valued at about $25,000. Blue Trust Inc. grew its stake in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 258 shares during the period. Quest Partners LLC purchased a new position in XPO during the second quarter valued at $28,000. International Assets Investment Management LLC purchased a new stake in shares of XPO during the second quarter worth about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in XPO in the 2nd quarter valued at about $37,000. 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.