Stifel Nicolaus Upgrades XPO (NYSE:XPO) to "Buy"

Stifel Nicolaus upgraded shares of XPO (NYSE:XPO - Free Report) from a hold rating to a buy rating in a report released on Monday, MarketBeat.com reports. They currently have $147.00 price target on the transportation company's stock.

A number of other brokerages also recently issued reports on XPO. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. UBS Group boosted their price target on XPO from $159.00 to $170.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective on XPO from $175.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $161.13.

XPO Stock Performance

XPO stock traded down $1.89 during trading on Monday, reaching $120.48. The stock had a trading volume of 1,116,153 shares, compared to its average volume of 1,543,533. The stock's 50 day moving average is $136.63 and its two-hundred day moving average is $130.34. The firm has a market cap of $14.13 billion, a PE ratio of 37.30, a PEG ratio of 1.79 and a beta of 2.12. XPO has a 52 week low of $97.03 and a 52 week high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

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XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, equities analysts anticipate that XPO will post 4.15 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp grew its position in shares of XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock valued at $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management purchased a new position in XPO during the 3rd quarter valued at approximately $534,000. Traynor Capital Management Inc. grew its holdings in XPO by 125.2% during the 3rd 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 in the last quarter. Exchange Traded Concepts LLC bought a new stake in XPO in the 4th quarter worth approximately $423,000. Finally, PCJ Investment Counsel Ltd. raised its holdings in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company's stock worth $4,344,000 after acquiring an additional 10,740 shares in the last quarter. 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.