Benchmark Reiterates Buy Rating for XPO (NYSE:XPO)

XPO (NYSE:XPO)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a note issued to investors on Thursday, Benzinga reports. They presently have a $140.00 price target on the transportation company’s stock. Benchmark’s target price points to a potential upside of 24.36% from the stock’s current price.

A number of other brokerages have also commented on XPO. Stephens restated an “overweight” rating and issued a $150.00 price target on shares of XPO in a report on Thursday, September 5th. Bank of America dropped their target price on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Stifel Nicolaus upped their target price on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. dropped their target price on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Finally, Raymond James dropped their target price on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Stock Performance

Shares of XPO stock opened at $112.58 on Thursday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 55.19, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock’s 50-day moving average is $113.22 and its 200-day moving average is $113.42. XPO has a one year low of $65.80 and a one year high of $130.51. 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 (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. Equities analysts predict that XPO will post 3.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new position in shares of XPO in the first quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in shares of XPO in the first quarter valued at approximately $31,000. Blue Trust Inc. grew its position in shares of XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC acquired a new position in shares of XPO in the second quarter valued at approximately $28,000. Finally, ORG Partners LLC acquired a new position in shares of XPO in the first quarter valued at approximately $36,000. Institutional investors and hedge funds 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.