XPO’s (XPO) “Overweight” Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of XPO (NYSE:XPO) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $165.00 price target on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price on shares of XPO in a research note on Friday, October 4th. Stifel Nicolaus lifted their price objective on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wells Fargo & Company upped their target price on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI decreased their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Barclays boosted their price target on shares of XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.13.

XPO Trading Up 0.8 %

XPO stock opened at $151.63 on Wednesday. XPO has a 52 week low of $78.72 and a 52 week high of $156.85. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $17.65 billion, a PE ratio of 49.07, a PEG ratio of 2.30 and a beta of 2.08. The business’s 50-day simple moving average is $131.73 and its 200-day simple moving average is $117.59.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts forecast that XPO will post 3.62 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Institutional investors have recently bought and sold shares of the business. Traynor Capital Management Inc. lifted its holdings in XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its stake in shares of XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares during the period. Whalen Wealth Management Inc. acquired a new position in shares of XPO during the third quarter valued at $706,000. Westwood Holdings Group Inc. boosted its holdings in XPO by 38.6% in the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock valued at $21,782,000 after acquiring an additional 57,192 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in XPO by 595.5% in the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after purchasing an additional 21,889 shares during the period. 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.