XPO’s (XPO) Buy Rating Reiterated at Benchmark

XPO (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a report released on Thursday, Benzinga reports. They presently have a $140.00 price objective on the transportation company’s stock. Benchmark’s target price would indicate a potential upside of 24.36% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Susquehanna increased their price target on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday. Raymond James reduced their price target on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Wells Fargo & Company cut their target price on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. TD Cowen cut their target price on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Bank of America cut their target price on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average price target of $130.18.

XPO Trading Down 2.4 %

Shares of NYSE:XPO opened at $112.58 on Thursday. The company has a market capitalization of $13.10 billion, a P/E ratio of 55.19, a P/E/G ratio of 1.76 and a beta of 2.11. XPO has a 1 year low of $65.80 and a 1 year high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is $113.22 and its 200 day simple moving average is $113.42.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. On average, research analysts anticipate that XPO will post 3.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Clearbridge Investments LLC lifted its stake in shares of XPO by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in XPO by 151.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,748 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 1,052 shares during the period. NewEdge Advisors LLC increased its holdings in XPO by 8.4% in the second quarter. NewEdge Advisors LLC now owns 9,642 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 749 shares during the period. Algert Global LLC increased its holdings in XPO by 46.2% in the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock valued at $5,308,000 after purchasing an additional 15,795 shares during the period. Finally, Dorsey Wright & Associates increased its holdings in XPO by 2.5% in the second quarter. Dorsey Wright & Associates now owns 17,847 shares of the transportation company’s stock valued at $1,894,000 after purchasing an additional 443 shares during the period. 97.73% of the stock is currently owned by institutional investors.

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.