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

XPO (NYSE:XPO) had its target price upped by investment analysts at Oppenheimer from $148.00 to $176.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s price objective would suggest a potential upside of 12.60% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group dropped their price target on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Citigroup lifted their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Barclays increased their price objective on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Susquehanna boosted their target price on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.31.

XPO Stock Down 1.2 %

Shares of NYSE XPO opened at $156.30 on Thursday. XPO has a 52-week low of $80.26 and a 52-week high of $159.43. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day moving average of $135.67 and a two-hundred day moving average of $118.97. The stock has a market cap of $18.19 billion, a PE ratio of 50.62, a PEG ratio of 2.40 and a beta of 2.08.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. As a group, equities research analysts expect that XPO will post 3.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XPO. D1 Capital Partners L.P. bought a new stake in shares of XPO during the 2nd quarter worth approximately $271,532,000. The Manufacturers Life Insurance Company increased its holdings in XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after buying an additional 390,320 shares during the last quarter. Holocene Advisors LP raised its position in XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after acquiring an additional 259,727 shares in the last quarter. Clearbridge Investments LLC lifted its stake in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of XPO in the 3rd quarter valued at about $18,071,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.