XPO (NYSE:XPO) Rating Increased to Buy at Vertical Research

Vertical Research upgraded shares of XPO (NYSE:XPO) from a hold rating to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has $140.00 target price on the transportation company’s stock.

Several other brokerages also recently commented on XPO. Wells Fargo & Company reduced their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Raymond James reduced their price target on shares of XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. UBS Group increased their target price on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Benchmark increased their target price on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research report on Monday, February 24th. Eighteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $160.89.

XPO Trading Down 2.7 %

XPO stock opened at $108.07 on Thursday. The firm has a 50 day simple moving average of $133.88 and a 200-day simple moving average of $130.24. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $12.67 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO has a 12-month low of $97.03 and a 12-month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that XPO will post 4.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XPO. Versant Capital Management Inc acquired a new stake in XPO in the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in XPO in the 4th quarter worth $42,000. Cullen Frost Bankers Inc. grew its position in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC grew its position in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in XPO in the 3rd quarter worth $57,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.