XPO (NYSE:XPO) Coverage Initiated at Truist Financial

Truist Financial began coverage on shares of XPO (NYSE:XPO) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $130.00 price target on the transportation company’s stock. Truist Financial’s target price indicates a potential upside of 21.28% from the stock’s current price.

A number of other research firms also recently commented on XPO. Benchmark boosted their target price on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Bank of America decreased their target price on XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. UBS Group boosted their target price on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Vertical Research raised XPO from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, March 6th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO has a consensus rating of “Buy” and an average price target of $158.47.

XPO Price Performance

Shares of XPO stock opened at $107.19 on Thursday. The stock’s 50-day simple moving average is $131.28 and its 200-day simple moving average is $129.64. XPO has a 52 week low of $97.03 and a 52 week high of $161.00. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 33.18, a PEG 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 (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, analysts expect that XPO will post 4.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc bought a new position in XPO in the fourth quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in XPO in the fourth quarter worth approximately $42,000. Cullen Frost Bankers Inc. grew its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC grew its stake in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in XPO in the third quarter worth approximately $57,000. 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.