XPO (NYSE:XPO) Upgraded at Stephens

XPO (NYSE:XPO) was upgraded by Stephens to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

XPO has been the subject of several other research reports. Jefferies Financial Group lifted their price target on shares of XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company increased their price objective on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of XPO in a report on Thursday, April 30th. Finally, Benchmark increased their price target on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus target price of $220.33.

XPO Trading Up 0.9%

XPO stock opened at $204.54 on Wednesday. The company has a market capitalization of $24.02 billion, a PE ratio of 70.05, a P/E/G ratio of 2.34 and a beta of 1.85. XPO has a 12 month low of $116.68 and a 12 month high of $232.05. The firm’s 50-day moving average is $209.40 and its 200 day moving average is $191.61. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. On average, research analysts anticipate that XPO will post 4.9 EPS for the current year.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Invesco Ltd. increased its position in XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after buying an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP grew its stake in shares of XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after acquiring an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd increased its holdings in shares of XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after acquiring an additional 499,220 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after acquiring an additional 261,935 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after purchasing an additional 1,299,480 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.