XPO (NYSE:XPO) Upgraded at Vertical Research

Vertical Research upgraded shares of XPO (NYSE:XPO) from a hold rating to a buy rating in a research report released on Thursday morning, Marketbeat Ratings reports. They currently have $140.00 price target on the transportation company’s stock.

A number of other brokerages have also recently weighed in on XPO. Citigroup upped their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Stephens reiterated an “overweight” rating and issued a $171.00 price objective on shares of XPO in a report on Wednesday. Finally, Bank of America cut their price objective on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday. Eighteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO currently has a consensus rating of “Buy” and a consensus target price of $160.89.

XPO Stock Down 2.7 %

Shares of XPO stock opened at $108.07 on Thursday. The company has a fifty day moving average price of $133.88 and a 200 day moving average price of $130.24. 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 has a twelve month low of $97.03 and a twelve month high of $161.00. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

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

Institutional Investors Weigh In On XPO

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp raised its stake in XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in XPO during the third quarter worth about $534,000. Exchange Traded Concepts LLC acquired a new stake in XPO during the fourth quarter worth about $423,000. PCJ Investment Counsel Ltd. raised its stake in XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after acquiring an additional 185,686 shares during the period. 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.