Citigroup Increases XPO (NYSE:XPO) Price Target to $205.00

XPO (NYSE:XPO) had its price objective raised by equities research analysts at Citigroup from $167.00 to $205.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 1.42% from the company’s current price.

XPO has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of XPO in a research report on Friday. Raymond James Financial upped their price target on shares of XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Bank of America upped their price target on shares of XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Benchmark reaffirmed a “buy” rating on shares of XPO in a research report on Friday. Finally, Oppenheimer upped their target price on XPO from $154.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average price target of $176.00.

XPO Stock Down 0.7%

NYSE:XPO traded down $1.48 on Monday, hitting $202.13. 461,416 shares of the company’s stock traded hands, compared to its average volume of 1,842,289. The company has a market cap of $23.68 billion, a PE ratio of 76.19, a price-to-earnings-growth ratio of 2.74 and a beta of 2.01. XPO has a 1 year low of $85.06 and a 1 year high of $206.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $148.28 and a 200-day moving average price of $137.17.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of XPO by 10.1% in the 4th quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 74 shares in the last quarter. Vise Technologies Inc. lifted its position in XPO by 3.4% in the 3rd quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 76 shares in the last quarter. Signaturefd LLC lifted its stake in shares of XPO by 9.9% during the 4th quarter. Signaturefd LLC now owns 880 shares of the transportation company’s stock worth $120,000 after buying an additional 79 shares during the last quarter. Parkside Financial Bank & Trust raised its position in XPO by 23.0% in the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares during the last quarter. Finally, Archer Investment Corp grew its position in shares of XPO by 9.6% during the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.