Truist Financial Initiates Coverage on XPO (NYSE:XPO)

Investment analysts at Truist Financial started coverage on shares of XPO (NYSE:XPO) in a research note issued on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $130.00 price target on the transportation company’s stock. Truist Financial’s price objective would suggest a potential upside of 21.28% from the company’s current price.

Other analysts have also issued research reports about the company. Bank of America lowered their target price on XPO from $170.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Barclays lowered their price objective on XPO from $165.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft started coverage on XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective for the company. UBS Group raised their price objective on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group raised their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $158.47.

XPO Stock Up 1.0 %

XPO stock opened at $107.19 on Thursday. The business has a fifty day moving average of $131.28 and a two-hundred day moving average of $129.64. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $12.57 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.79 and a beta of 2.13. XPO has a twelve month low of $97.03 and a twelve month high of $161.00.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently modified their holdings of the stock. Argent Trust Co increased its stake in shares of XPO by 1.9% in the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company’s stock valued at $517,000 after purchasing an additional 75 shares in the last quarter. Larson Financial Group LLC increased its stake in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. Scientech Research LLC boosted its holdings in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock worth $1,291,000 after purchasing an additional 84 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its holdings in shares of XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock worth $607,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors 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.