XPO (NYSE:XPO) Stock Price Target Raised at Bank of America

XPO (NYSE:XPO) had its target price boosted by equities researchers at Bank of America from $228.00 to $230.00 in a research report issued on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target points to a potential upside of 27.99% from the stock’s current price.

Several other analysts have also recently commented on the company. Susquehanna lifted their price target on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Citizens Jmp began coverage on shares of XPO in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Oppenheimer raised their target price on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. UBS Group boosted their target price on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Stephens upped their price target on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $225.91.

XPO Stock Up 2.1%

Shares of NYSE XPO opened at $179.71 on Friday. The firm has a market cap of $21.04 billion, a P/E ratio of 53.01, a price-to-earnings-growth ratio of 1.79 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. XPO has a 1 year low of $121.48 and a 1 year high of $232.05. The firm’s 50 day moving average price is $191.57 and its 200 day moving average price is $202.13.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. As a group, sell-side analysts anticipate that XPO will post 5.42 earnings per share for the current year.

Insider Transactions at XPO

In related news, COO David Bates sold 2,615 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $179.41, for a total transaction of $469,157.15. Following the completion of the sale, the chief operating officer owned 64,735 shares of the company’s stock, valued at approximately $11,614,106.35. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $178.52, for a total transaction of $133,890.00. Following the completion of the transaction, the chief financial officer owned 48,716 shares in the company, valued at $8,696,780.32. The trade was a 1.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 8,365 shares of company stock worth $1,612,085. 0.87% of the stock is currently owned by company insiders.

Institutional Trading of XPO

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in shares of XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after acquiring an additional 49 shares during the period. V Square Quantitative Management LLC increased its stake in shares of XPO by 19.1% during the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares during the period. Root Financial Partners LLC increased its stake in shares of XPO by 21.1% during the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 63 shares during the period. Resonant Capital Advisors LLC raised its holdings in XPO by 2.3% during the first quarter. Resonant Capital Advisors LLC now owns 4,193 shares of the transportation company’s stock worth $816,000 after purchasing an additional 96 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in XPO by 23.9% during the third quarter. Versant Capital Management Inc now owns 623 shares of the transportation company’s stock worth $110,000 after purchasing an additional 120 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.