XPO (NYSE:XPO) Raised to “Strong-Buy” at Zacks Research

XPO (NYSE:XPO) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Citigroup upped their price target on XPO from $207.00 to $221.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Oppenheimer increased their price objective on XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, May 4th. BMO Capital Markets increased their price target on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $233.00 price objective on shares of XPO in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.95.

XPO Trading Down 0.1%

NYSE:XPO opened at $219.07 on Thursday. XPO has a twelve month low of $116.68 and a twelve month high of $231.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The business has a 50 day moving average price of $209.88 and a two-hundred day moving average price of $180.13. The company has a market cap of $25.72 billion, a P/E ratio of 75.02, a price-to-earnings-growth ratio of 2.57 and a beta of 1.83.

XPO (NYSE:XPO) last released its quarterly 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. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that XPO will post 4.84 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is owned by company insiders.

Institutional Trading of XPO

A number of hedge funds have recently made changes to their positions in XPO. Toth Financial Advisory Corp boosted its stake in shares of XPO by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of XPO during the fourth quarter valued at about $28,000. Torren Management LLC acquired a new stake in shares of XPO during the fourth quarter valued at about $37,000. Horizon Investments LLC acquired a new stake in shares of XPO during the third quarter valued at about $39,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of XPO during the fourth quarter valued at about $41,000. 97.73% of the stock is owned by institutional investors and hedge funds.

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.