XPO (NYSE:XPO) Now Covered by Analysts at Truist Financial

Truist Financial assumed coverage on shares of XPO (NYSE:XPO - Free Report) in a research report report published on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $130.00 price target on the transportation company's stock.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company cut their price target on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Thursday, March 6th. Stephens restated an "overweight" rating and set a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Finally, Barclays reduced their target price on shares of XPO from $165.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO presently has an average rating of "Buy" and a consensus target price of $158.47.

XPO Stock Up 1.0 %

XPO stock traded up $1.07 during mid-day trading on Thursday, reaching $107.19. 1,190,185 shares of the company traded hands, compared to its average volume of 1,490,822. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 33.18, a P/E/G ratio of 1.79 and a beta of 2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The firm's 50 day moving average price is $131.28 and its 200 day moving average price is $129.64.

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

Hedge Funds Weigh In On XPO

Several hedge funds have recently made changes to their positions in XPO. Versant Capital Management Inc purchased a new position in shares of XPO in the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO in the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. grew its position in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC grew its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of XPO in the third quarter valued at $57,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.