XPO (NYSE:XPO) Earns Buy Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of XPO (NYSE:XPO) in a research report sent to investors on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $130.00 price target on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. Stephens reiterated an “overweight” rating and issued a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Raymond James dropped their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Jefferies Financial Group upped their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Vertical Research raised XPO from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Thursday, March 6th. Finally, Bank of America dropped their target price on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO has a consensus rating of “Buy” and a consensus target price of $158.47.

XPO Stock Up 1.0 %

NYSE XPO opened at $107.19 on Thursday. The stock’s 50-day moving average price is $131.28 and its 200-day moving average price is $129.72. The company has a market capitalization of $12.57 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a 52 week low of $97.03 and a 52 week high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 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 research analysts predict that XPO will post 4.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XPO. Capital Research Global Investors grew its stake in XPO by 18.5% during the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares during the last quarter. Vanguard Group Inc. increased its holdings in XPO by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock valued at $1,447,231,000 after buying an additional 79,393 shares in the last quarter. Capital World Investors raised its position in shares of XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares during the period. D1 Capital Partners L.P. raised its holdings in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after purchasing an additional 2,153,042 shares during the period. Finally, State Street Corp lifted its position in shares of XPO by 1.1% during the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after buying an additional 37,486 shares in the last quarter. 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.