XPO’s (XPO) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of XPO (NYSE:XPO) in a report released on Thursday, Benzinga reports. Benchmark currently has a $140.00 price target on the transportation company’s stock.

A number of other brokerages have also weighed in on XPO. Stifel Nicolaus upped their price target on shares of XPO from $120.00 to $125.00 and gave the stock a buy rating in a research note on Monday, August 5th. Stephens reissued an overweight rating and issued a $150.00 target price on shares of XPO in a research report on Thursday, September 5th. Bank of America dropped their price target on XPO from $135.00 to $134.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Evercore ISI lowered their price target on shares of XPO from $144.00 to $124.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. Finally, Raymond James cut their price objective on shares of XPO from $135.00 to $130.00 and set an outperform rating on the stock in a research report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $130.18.

XPO Stock Up 3.4 %

XPO stock opened at $115.30 on Thursday. 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 has a 1-year low of $65.80 and a 1-year high of $130.51. The firm has a fifty day moving average price of $113.12 and a two-hundred day moving average price of $113.48. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 56.52, a PEG ratio of 1.76 and a beta of 2.11.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (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 analysts’ expectations of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. Research analysts predict that XPO will post 3.6 EPS for the current year.

Institutional Trading of XPO

Several institutional investors have recently modified their holdings of XPO. Mather Group LLC. acquired a new stake in XPO during the first quarter worth $27,000. Blue Trust Inc. lifted its holdings 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 about $28,000. Riverview Trust Co acquired a new stake in shares of XPO during the 1st quarter valued at about $31,000. Finally, ORG Partners LLC bought a new stake in XPO in the first quarter valued at about $36,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.