Deutsche Bank Aktiengesellschaft Initiates Coverage on XPO (NYSE:XPO)

Stock analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO (NYSE:XPO) in a report issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $156.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 44.35% from the company’s current price.

A number of other equities research analysts have also commented on the stock. Jefferies Financial Group raised their price objective on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Bank of America cut their price target on XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research report on Monday, February 24th. Finally, Citigroup lifted their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Eighteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO currently has a consensus rating of “Buy” and a consensus target price of $160.89.

XPO Stock Down 2.7 %

Shares of NYSE XPO opened at $108.07 on Friday. The stock has a market cap of $12.67 billion, a P/E ratio of 33.46, a P/E/G ratio of 1.79 and a beta of 2.13. The firm has a 50 day moving average price of $133.88 and a 200 day moving average price of $130.24. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO has a 52-week low of $97.03 and a 52-week high of $161.00.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts expect that XPO will post 4.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp boosted its stake 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 acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new position in shares of XPO during the 3rd quarter worth approximately $534,000. Exchange Traded Concepts LLC bought a new position in shares of XPO during the 4th quarter worth approximately $423,000. PCJ Investment Counsel Ltd. boosted its stake in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares during the period. Finally, JPMorgan Chase & Co. boosted 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 acquiring an additional 185,686 shares during the period. 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.