Truist Financial began coverage on shares of XPO (NYSE:XPO - Free Report) in a research report sent to investors on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $130.00 price objective on the transportation company's stock.
Several other analysts have also recently commented on XPO. Barclays dropped their price target on XPO from $165.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Wells Fargo & Company dropped their price target on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group boosted their price objective on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, UBS Group boosted their price objective on XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has an average rating of "Buy" and a consensus price target of $158.47.
Get Our Latest Research Report on XPO
XPO Stock Up 1.0 %
Shares of XPO stock traded up $1.07 during trading on Thursday, hitting $107.19. 1,190,185 shares of the stock traded hands, compared to its average volume of 1,490,838. The stock's fifty day simple moving average is $131.28 and its 200 day simple moving average is $129.72. 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. The firm has a market cap of $12.57 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.
XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results 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 return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts predict that XPO will post 4.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Argent Trust Co boosted its holdings in XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after acquiring an additional 75 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Scientech Research LLC lifted its stake in shares of XPO by 0.9% during the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after purchasing an additional 84 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after purchasing an additional 86 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its stake in shares of XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.
XPO Company Profile
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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.
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