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

Wells Fargo & Company upgraded shares of XPO (NYSE:XPO) to a strong-buy rating in a research report sent to investors on Wednesday, Zacks.com reports.

Several other equities research analysts have also commented on the stock. Raymond James lowered their price target on shares of XPO from $135.00 to $130.00 and set an outperform rating on the stock in a report on Monday, June 24th. TD Cowen dropped their price objective on shares of XPO from $143.00 to $142.00 and set a buy rating on the stock in a research note on Thursday. Bank of America dropped their price target on shares of XPO from $135.00 to $134.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Benchmark reiterated a buy rating and issued a $140.00 price objective on shares of XPO in a research report on Friday, August 2nd. Finally, Evercore ISI dropped their target price on XPO from $144.00 to $124.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Two 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $128.06.

XPO Stock Performance

Shares of XPO opened at $102.72 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day moving average of $112.69 and a two-hundred day moving average of $114.37. The stock has a market cap of $11.96 billion, a P/E ratio of 50.35, a P/E/G ratio of 1.78 and a beta of 2.11. XPO has a one year low of $65.80 and a one year high of $130.51.

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

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in shares of XPO in the first quarter valued at $27,000. Blue Trust Inc. raised its position in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in XPO in the 2nd quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after buying an additional 211 shares during the period. Finally, Riverview Trust Co acquired a new position in shares of XPO during the first quarter worth about $31,000. Hedge funds and other 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.