Stifel Nicolaus Raises XPO (NYSE:XPO) Price Target to $147.00

XPO (NYSE:XPO) had its target price raised by research analysts at Stifel Nicolaus from $124.00 to $147.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.74% from the stock’s previous close.

XPO has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Jefferies Financial Group lifted their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays lowered their price target on XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $165.00 price objective on shares of XPO in a report on Wednesday, December 4th. Finally, Oppenheimer increased their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and an average price target of $151.06.

XPO Stock Performance

XPO stock opened at $139.01 on Thursday. XPO has a twelve month low of $82.78 and a twelve month high of $161.00. 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 company has a market cap of $16.18 billion, a P/E ratio of 44.99, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. The business’s fifty day moving average is $143.62 and its 200-day moving average is $125.77.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 earnings per share. Equities research analysts forecast that XPO will post 3.58 EPS for the current year.

Institutional Trading of XPO

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp increased its position in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Neo Ivy Capital Management acquired a new position in XPO during the third quarter worth $534,000. Traynor Capital Management Inc. raised its position in XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after acquiring an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its stake in XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after purchasing an additional 185,686 shares during 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.