XPO (NYSE:XPO) Rating Increased to Strong-Buy at Stephens

Stephens upgraded shares of XPO (NYSE:XPO) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on XPO. Bank of America boosted their price objective on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Jefferies Financial Group increased their target price on shares of XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley set a $105.00 price target on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.33.

XPO Price Performance

Shares of NYSE XPO opened at $204.54 on Wednesday. The stock has a market cap of $24.02 billion, a PE ratio of 70.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.85. XPO has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a fifty day moving average of $209.40 and a 200-day moving average of $191.61.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. Equities research analysts anticipate that XPO will post 4.9 earnings per share for the current year.

Insider Activity

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XPO. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of XPO by 37.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 18,820 shares of the transportation company’s stock valued at $3,864,000 after purchasing an additional 5,100 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in XPO in the 2nd quarter worth about $1,518,000. GAMMA Investing LLC raised its position in XPO by 26.3% in the 2nd quarter. GAMMA Investing LLC now owns 4,466 shares of the transportation company’s stock worth $917,000 after buying an additional 931 shares during the last quarter. Avior Wealth Management LLC raised its position in XPO by 9.7% in the 2nd quarter. Avior Wealth Management LLC now owns 2,406 shares of the transportation company’s stock worth $494,000 after buying an additional 212 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in XPO by 23.5% during the 2nd quarter. Central Pacific Bank Trust Division now owns 3,700 shares of the transportation company’s stock valued at $760,000 after acquiring an additional 703 shares during the period. Hedge funds and other institutional investors 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.