XPO (NYSE:XPO) Upgraded by Sanford C. Bernstein to Strong-Buy Rating

Sanford C. Bernstein upgraded shares of XPO (NYSE:XPO) to a strong-buy rating in a research report report published on Thursday morning,Zacks reports.

A number of other analysts have also weighed in on the stock. TD Cowen raised their price objective on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, Bank of America lowered their price objective on XPO from $248.00 to $228.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $225.82.

XPO Stock Performance

XPO stock opened at $182.11 on Thursday. XPO has a twelve month low of $121.48 and a twelve month high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $21.32 billion, a P/E ratio of 53.72, a PEG ratio of 1.86 and a beta of 1.85. The stock’s 50 day moving average is $200.88 and its 200 day moving average is $204.43.

XPO (NYSE:XPO) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities research analysts predict that XPO will post 5.42 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Christopher Brown sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its stake in XPO by 45.4% during the 2nd quarter. Tidal Investments LLC now owns 7,452 shares of the transportation company’s stock valued at $1,530,000 after buying an additional 2,328 shares during the last quarter. National Pension Service purchased a new stake in XPO during the second quarter valued at $37,695,000. WINTON GROUP Ltd lifted its holdings in XPO by 311.5% in the second quarter. WINTON GROUP Ltd now owns 10,700 shares of the transportation company’s stock valued at $2,197,000 after acquiring an additional 8,100 shares during the period. Engineers Gate Manager LP lifted its holdings in XPO by 233.9% in the second quarter. Engineers Gate Manager LP now owns 15,839 shares of the transportation company’s stock valued at $3,252,000 after acquiring an additional 11,096 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in XPO in the second quarter worth about $213,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.