Citigroup Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price objective boosted by stock analysts at Citigroup from $155.00 to $179.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective suggests a potential upside of 17.95% from the company’s previous close.

Several other research firms have also recently commented on XPO. JPMorgan Chase & Co. reduced their price target on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Evercore ISI reduced their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Susquehanna boosted their price target on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Stifel Nicolaus boosted their price objective on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Barclays boosted their price objective on XPO from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.88.

XPO Stock Down 2.2 %

Shares of XPO traded down $3.42 during trading hours on Tuesday, hitting $151.76. The company had a trading volume of 666,523 shares, compared to its average volume of 1,484,855. XPO has a 52-week low of $78.72 and a 52-week high of $156.85. The firm has a fifty day moving average price of $116.25 and a 200-day moving average price of $112.44. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 49.17, a P/E/G ratio of 2.38 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. XPO’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that XPO will post 3.62 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of large investors have recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. lifted its stake in XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after buying an additional 13,422 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of XPO by 38.6% in the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock valued at $21,782,000 after buying an additional 57,192 shares during the period. Hsbc Holdings PLC grew its stake in XPO by 595.5% in the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock valued at $2,718,000 after acquiring an additional 21,889 shares during the period. Comerica Bank lifted its holdings in shares of XPO by 10.8% in the first quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock valued at $6,654,000 after purchasing an additional 5,336 shares in the last quarter. Finally, Algert Global LLC increased its position in XPO by 46.2% in the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock worth $5,308,000 after buying an additional 15,795 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.