XPO’s (XPO) Overweight Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of XPO (NYSE:XPO) in a research note issued to investors on Monday, Benzinga reports. They currently have a $150.00 price target on the transportation company’s stock.

Other analysts have also issued research reports about the company. Raymond James upped their price objective on XPO from $130.00 to $145.00 and gave the stock an outperform rating in a research report on Monday, April 15th. Susquehanna boosted their target price on shares of XPO from $100.00 to $140.00 and gave the stock a positive rating in a research note on Thursday, February 8th. Oppenheimer boosted their target price on shares of XPO from $130.00 to $140.00 and gave the stock an outperform rating in a research note on Wednesday, April 10th. Citigroup boosted their target price on shares of XPO from $100.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Finally, Morgan Stanley downgraded shares of XPO from an equal weight rating to an underweight rating and boosted their target price for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, XPO presently has a consensus rating of Moderate Buy and an average target price of $114.95.

XPO Stock Up 1.5 %

Shares of NYSE XPO opened at $112.00 on Monday. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 2.69 and a beta of 2.17. The company has a quick ratio of 1.00, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. XPO has a 52-week low of $45.24 and a 52-week high of $130.51. The business’s 50 day moving average is $120.32 and its two-hundred day moving average is $100.97.

XPO (NYSE:XPO) last posted its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Research analysts predict that XPO will post 3.49 EPS for the current year.

Hedge Funds Weigh In On XPO

A number of large investors have recently made changes to their positions in XPO. Motley Fool Asset Management LLC purchased a new position in XPO during the 1st quarter valued at about $221,000. Bleakley Financial Group LLC increased its stake in shares of XPO by 13.2% during the 1st quarter. Bleakley Financial Group LLC now owns 3,206 shares of the transportation company’s stock worth $391,000 after purchasing an additional 374 shares in the last quarter. US Bancorp DE grew its holdings in XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after buying an additional 154 shares during the last quarter. Williams Jones Wealth Management LLC. acquired a new stake in XPO during the 1st quarter valued at $275,000. Finally, Thoroughbred Financial Services LLC increased its position in XPO by 2.6% during the first quarter. Thoroughbred Financial Services LLC now owns 8,440 shares of the transportation company’s stock worth $1,029,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.