XPO (NYSE:XPO) Upgraded by Wells Fargo & Company to Strong-Buy

XPO (NYSE:XPO) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Wednesday, Zacks.com reports.

Several other research firms have also weighed in on XPO. TD Cowen decreased their price target on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday. Stephens restated an “overweight” rating and issued a $150.00 target price on shares of XPO in a report on Thursday. Benchmark reiterated a “buy” rating and set a $140.00 price target on shares of XPO in a report on Friday, August 2nd. Bank of America decreased their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Stifel Nicolaus upped their target price on XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.06.

XPO Trading Down 9.6 %

Shares of XPO opened at $102.72 on Wednesday. The stock has a market capitalization of $11.96 billion, a PE ratio of 50.35, a P/E/G ratio of 1.78 and a beta of 2.11. The company’s fifty day moving average is $112.69 and its 200 day moving average is $114.37. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO has a fifty-two week low of $65.80 and a fifty-two week high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Sell-side analysts expect that XPO will post 3.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

Large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in XPO during the fourth quarter worth $79,592,000. CenterBook Partners LP bought a new stake in XPO during the fourth quarter valued at about $779,000. Dimensional Fund Advisors LP boosted its position in XPO by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock valued at $128,603,000 after purchasing an additional 67,797 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in XPO by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Empirical Capital Management LLC bought a new position in XPO in the fourth quarter worth about $4,380,000. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

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.