Stephens Reaffirms Overweight Rating for XPO (NYSE:XPO)

XPO (NYSE:XPO)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a report released on Monday, Benzinga reports. They currently have a $150.00 price objective on the transportation company’s stock. Stephens’ target price suggests a potential upside of 32.77% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of XPO from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Monday, February 12th. BMO Capital Markets increased their price target on shares of XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Benchmark increased their price objective on shares of XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus boosted their price objective on shares of XPO from $77.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, Raymond James upped their target price on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.95.

XPO Stock Up 0.4 %

Shares of NYSE XPO traded up $0.42 on Monday, reaching $112.98. 619,783 shares of the company’s stock traded hands, compared to its average volume of 1,425,798. The business’s 50 day simple moving average is $120.80 and its two-hundred day simple moving average is $100.34. The company has a quick ratio of 1.00, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 55.57, a price-to-earnings-growth ratio of 2.69 and a beta of 2.17. XPO has a 12 month low of $45.24 and a 12 month high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that XPO will post 3.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Flputnam Investment Management Co. lifted its holdings in shares of XPO by 1.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after acquiring an additional 145 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of XPO by 1.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock valued at $1,046,000 after purchasing an additional 160 shares during the last quarter. CWM LLC increased its stake in XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after acquiring an additional 160 shares during the period. M&T Bank Corp lifted its holdings in shares of XPO by 3.1% in the 3rd quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock worth $408,000 after purchasing an additional 165 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in XPO by 20.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after acquiring an additional 170 shares during the period. 97.73% of the stock is currently owned by institutional investors.

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.