XPO (NYSE:XPO) Raised to Buy at Vertical Research

XPO (NYSE:XPO - Get Free Report) was upgraded by research analysts at Vertical Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a $140.00 target price on the transportation company's stock. Vertical Research's target price would indicate a potential upside of 29.54% from the stock's current price.

Several other research analysts have also weighed in on the stock. UBS Group lifted their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Oppenheimer lifted their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Wells Fargo & Company cut their price target on shares of XPO from $175.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group lifted their price target on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Eighteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $160.89.

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XPO Trading Down 2.7 %

XPO stock traded down $2.99 during midday trading on Thursday, hitting $108.07. 2,345,562 shares of the stock were exchanged, compared to its average volume of 1,478,068. The company has a fifty day simple moving average of $133.88 and a two-hundred day simple moving average of $130.24. XPO has a 52 week low of $97.03 and a 52 week high of $161.00. The stock has a market capitalization of $12.67 billion, a PE ratio of 33.46, 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 (NYSE:XPO - Get Free Report) last released 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%. Equities research analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in XPO during the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. increased its holdings in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares during the last quarter. Larson Financial Group LLC increased its holdings in 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 buying an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in XPO during the third quarter worth $57,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.