Stephens Reiterates “Overweight” Rating for XPO (NYSE:XPO)

XPO (NYSE:XPO)‘s stock had its “overweight” rating restated by research analysts at Stephens in a research note issued to investors on Thursday, Benzinga reports. They presently have a $150.00 target price on the transportation company’s stock. Stephens’ price target would indicate a potential upside of 47.49% from the company’s current price.

Other research analysts have also issued reports about the company. Bank of America dropped their price target on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Evercore ISI dropped their target price on XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Susquehanna decreased their price target on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Raymond James dropped their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Finally, Wells Fargo & Company decreased their target price on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.29.

XPO Stock Performance

XPO opened at $101.70 on Thursday. The business has a fifty day simple moving average of $112.60 and a 200-day simple moving average of $114.24. The firm has a market cap of $11.83 billion, a PE ratio of 49.85, a P/E/G ratio of 1.78 and a beta of 2.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO has a fifty-two week low of $65.80 and a fifty-two week high of $130.51.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts predict that XPO will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC lifted its holdings in XPO by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of XPO by 151.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,748 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 1,052 shares during the period. NewEdge Advisors LLC lifted its stake in shares of XPO by 8.4% in the second quarter. NewEdge Advisors LLC now owns 9,642 shares of the transportation company’s stock worth $1,024,000 after buying an additional 749 shares during the last quarter. Algert Global LLC boosted its holdings in shares of XPO by 46.2% during the 2nd quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock worth $5,308,000 after buying an additional 15,795 shares during the period. Finally, Dorsey Wright & Associates grew its stake in XPO by 2.5% in the 2nd quarter. Dorsey Wright & Associates now owns 17,847 shares of the transportation company’s stock valued at $1,894,000 after buying an additional 443 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

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.