Stephens Reaffirms Overweight Rating for XPO (NYSE:XPO)

XPO (NYSE:XPO)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a note issued to investors on Wednesday,Benzinga reports. They currently have a $165.00 target price on the transportation company’s stock. Stephens’ price objective suggests a potential upside of 9.71% from the stock’s previous close.

A number of other brokerages have also recently issued reports on XPO. Evercore ISI lowered their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. TD Cowen upped their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Barclays increased their target price on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Susquehanna lifted their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.06.

XPO Stock Performance

XPO stock opened at $150.39 on Wednesday. The firm has a market cap of $17.51 billion, a PE ratio of 48.67, a P/E/G ratio of 2.30 and a beta of 2.08. XPO has a 12-month low of $78.72 and a 12-month high of $156.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The business has a 50 day moving average of $130.93 and a 200-day moving average of $117.31.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that XPO will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in shares of XPO during the 1st quarter valued at about $235,000. Mather Group LLC. lifted its holdings in shares of XPO by 182.6% in the 2nd quarter. Mather Group LLC. now owns 619 shares of the transportation company’s stock worth $66,000 after acquiring an additional 400 shares during the last quarter. Symmetry Partners LLC boosted its stake in shares of XPO by 6.1% in the 2nd quarter. Symmetry Partners LLC now owns 10,605 shares of the transportation company’s stock valued at $1,126,000 after purchasing an additional 610 shares in the last quarter. City Holding Co. grew its holdings in shares of XPO by 7.3% during the 2nd quarter. City Holding Co. now owns 5,274 shares of the transportation company’s stock valued at $560,000 after purchasing an additional 359 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its position in XPO by 1.6% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,982 shares of the transportation company’s stock worth $3,819,000 after purchasing an additional 563 shares during the period. Institutional investors 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.