Stifel Nicolaus Upgrades XPO (NYSE:XPO) to Buy

XPO (NYSE:XPO) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $147.00 target price on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 17.88% from the company’s current price.

A number of other research analysts also recently weighed in on XPO. The Goldman Sachs Group raised their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays reduced their target price on XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Citigroup lifted their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and boosted their price target for the company from $155.00 to $180.00 in a research note on Friday, February 7th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO has an average rating of “Buy” and an average target price of $161.13.

XPO Trading Down 5.8 %

NYSE XPO opened at $124.70 on Monday. The firm has a market cap of $14.62 billion, a P/E ratio of 38.61, a P/E/G ratio of 1.79 and a beta of 2.12. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $138.54 and its 200-day moving average is $130.27. XPO has a one year low of $97.03 and a one year high of $161.00.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (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%. Sell-side analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

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