Zacks Research Upgrades XPO (NYSE:XPO) to Strong-Buy

XPO (NYSE:XPO) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other research firms have also recently commented on XPO. Benchmark lifted their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. TD Cowen raised their price target on XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of XPO in a research report on Friday, February 6th. Raymond James Financial restated an “outperform” rating and issued a $233.00 price target on shares of XPO in a research report on Friday, May 1st. Finally, Citigroup raised their price target on XPO from $207.00 to $221.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.95.

XPO Stock Down 0.1%

NYSE XPO opened at $219.07 on Thursday. The stock has a fifty day moving average of $209.88 and a 200-day moving average of $180.13. The stock has a market capitalization of $25.72 billion, a P/E ratio of 75.02, a price-to-earnings-growth ratio of 2.57 and a beta of 1.83. XPO has a 52 week low of $116.68 and a 52 week high of $231.46. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.73 EPS. On average, equities research analysts forecast that XPO will post 4.84 EPS for the current year.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp lifted its holdings in XPO by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new position in XPO during the fourth quarter worth about $28,000. Torren Management LLC bought a new position in XPO during the fourth quarter worth about $37,000. International Assets Investment Management LLC bought a new position in XPO during the fourth quarter worth about $41,000. Finally, Horizon Investments LLC bought a new position in XPO during the third quarter worth about $39,000. 97.73% of the stock is currently owned by institutional investors.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.