Jefferies Financial Group Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO) had its price target raised by equities researchers at Jefferies Financial Group from $150.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 22.97% from the company’s current price.

A number of other equities research analysts have also commented on XPO. Barclays upped their price target on shares of XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Stephens reaffirmed an “overweight” rating and set a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. Susquehanna cut XPO from a “positive” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $155.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, TD Cowen lifted their price objective on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.24.

XPO Price Performance

Shares of NYSE:XPO opened at $134.18 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a market cap of $15.62 billion, a PE ratio of 43.42, a PEG ratio of 2.37 and a beta of 2.11. The company’s fifty day moving average is $145.55 and its 200 day moving average is $123.93. XPO has a 52 week low of $80.26 and a 52 week high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Research analysts anticipate that XPO will post 3.62 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Several hedge funds have recently bought and sold shares of the business. D1 Capital Partners L.P. lifted its holdings in shares of XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after purchasing an additional 2,153,042 shares during the last quarter. State Street Corp boosted its holdings in XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after acquiring an additional 37,486 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of XPO by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after acquiring an additional 10,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after purchasing an additional 130,322 shares in the last quarter. Institutional investors 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.