XPO (NYSE:XPO) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of XPO (NYSE:XPO) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

A number of other analysts have also commented on the company. Oppenheimer lifted their price objective on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. UBS Group set a $210.00 price objective on XPO and gave the stock a “buy” rating in a research report on Friday, February 6th. Wall Street Zen upgraded XPO from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. lifted their price objective on XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group raised their target price on XPO to $275.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $216.95.

XPO Price Performance

Shares of XPO stock opened at $219.07 on Thursday. The stock has a 50-day moving average price of $209.88 and a 200 day moving average price of $180.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of 75.02, a PEG ratio of 2.57 and a beta of 1.83. XPO has a 12 month low of $116.68 and a 12 month high of $231.46.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. Research analysts expect that XPO will post 4.84 EPS for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On XPO

Several institutional investors have recently modified their holdings of the business. DV Trading LLC lifted its holdings in shares of XPO by 2,233.9% during the 1st quarter. DV Trading LLC now owns 1,307 shares of the transportation company’s stock valued at $254,000 after purchasing an additional 1,251 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 49 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of XPO by 0.7% during the 1st quarter. Groupama Asset Managment now owns 653,083 shares of the transportation company’s stock valued at $127,057,000 after purchasing an additional 4,607 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in shares of XPO during the 1st quarter valued at about $681,000. Finally, Bank of America Corp DE lifted its holdings in shares of XPO by 4.9% during the 1st quarter. Bank of America Corp DE now owns 447,301 shares of the transportation company’s stock valued at $87,022,000 after purchasing an additional 21,064 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

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.