XPO (NYSE:XPO) Earns Outperform Rating from Oppenheimer

Oppenheimer reissued their outperform rating on shares of XPO (NYSE:XPO) in a report issued on Friday morning, Benzinga reports. They currently have a $140.00 target price on the transportation company’s stock.

A number of other equities analysts have also weighed in on XPO. Susquehanna upped their target price on XPO from $145.00 to $160.00 and gave the stock a positive rating in a research report on Wednesday, September 18th. Evercore ISI lowered their price target on XPO from $129.00 to $125.00 and set an outperform rating for the company in a research report on Thursday, October 3rd. TD Cowen lowered their price target on XPO from $143.00 to $142.00 and set a buy rating for the company in a research report on Thursday, September 5th. Bank of America lowered their price target on XPO from $135.00 to $134.00 and set a buy rating for the company in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price target on XPO from $147.00 to $143.00 and set an overweight rating for the company in a research report on Friday, September 6th. Two 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $130.24.

XPO Price Performance

Shares of NYSE:XPO opened at $105.30 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO has a twelve month low of $65.80 and a twelve month high of $130.51. The stock’s 50 day moving average is $112.60 and its 200-day moving average is $112.31. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 1.73 and a beta of 2.10.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share 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 company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. XPO’s revenue for the quarter was up 8.5% on a year-over-year basis. Sell-side analysts forecast that XPO will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of XPO during the 1st quarter worth $27,000. Riverview Trust Co bought a new position in shares of XPO during the 1st quarter worth $31,000. Blue Trust Inc. grew its stake in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the period. Quest Partners LLC bought a new position in shares of XPO during the 2nd quarter worth $28,000. Finally, ORG Partners LLC bought a new position in shares of XPO during the 1st quarter worth $36,000. Institutional investors own 97.73% of the company’s stock.

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.