Stephens Reaffirms “Overweight” Rating for XPO (NYSE:XPO)

Stephens reissued their overweight rating on shares of XPO (NYSE:XPO) in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a $150.00 price target on the transportation company’s stock.

Several other research analysts also recently weighed in on XPO. Wells Fargo & Company cut their target price on shares of XPO from $125.00 to $119.00 and set an overweight rating for the company in a research note on Thursday. Evercore ISI cut their price objective on shares of XPO from $144.00 to $124.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Stifel Nicolaus raised their target price on shares of XPO from $120.00 to $125.00 and gave the stock a buy rating in a research report on Monday, August 5th. Bank of America cut their price target on XPO from $135.00 to $134.00 and set a buy rating for the company in a report on Monday, July 22nd. Finally, Benchmark restated a buy rating and set a $140.00 price objective on shares of XPO in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $129.29.

XPO Trading Down 1.0 %

Shares of XPO opened at $101.70 on Thursday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO has a 1-year low of $65.80 and a 1-year high of $130.51. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 49.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The firm has a 50 day simple moving average of $112.60 and a 200-day simple moving average of $114.21.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share 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 the consensus estimate of $2.07 billion. During the same quarter last year, the business posted $0.71 earnings per share. XPO’s revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that XPO will post 3.61 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of XPO during the 4th quarter worth about $79,592,000. CenterBook Partners LP purchased a new position in XPO in the fourth quarter valued at approximately $779,000. Dimensional Fund Advisors LP lifted 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 buying an additional 67,797 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in XPO by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock worth $5,364,000 after buying an additional 1,712 shares during the period. Finally, Empirical Capital Management LLC acquired a new stake in shares of XPO in the fourth quarter worth $4,380,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.