XPO (NYSE:XPO) Upgraded by Vertical Research to “Buy” Rating

XPO (NYSE:XPO) was upgraded by equities research analysts at Vertical Research from a “hold” rating to a “buy” rating in a report released on Thursday,Briefing.com Automated Import reports. The firm presently has a $140.00 price target on the transportation company’s stock. Vertical Research’s price target suggests a potential upside of 24.26% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Wells Fargo & Company cut their target price on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group raised their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group raised their target price on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research note on Monday, February 24th. Finally, Raymond James lowered their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Seventeen equities research analysts have rated the stock with a buy rating, According to MarketBeat, XPO presently has an average rating of “Buy” and a consensus price target of $161.18.

XPO Stock Down 3.5 %

Shares of NYSE:XPO opened at $112.67 on Thursday. The stock’s 50-day moving average price is $134.81 and its 200-day moving average price is $130.37. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The stock has a market capitalization of $13.21 billion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts anticipate that XPO will post 4.15 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in XPO in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in XPO in the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. grew its position in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC grew its position in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares during the period. Finally, Brooklyn Investment Group bought a new stake in XPO in the 3rd quarter worth approximately $57,000. 97.73% of the stock is currently owned by hedge funds and other 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.