XPO (NYSE:XPO) Stock Rating Upgraded by Sanford C. Bernstein

Key Points

• Sanford C. Bernstein upgraded XPO to “strong buy,” adding to a largely positive analyst outlook. MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $225.82.
• XPO shares opened at $182.11, down 0.1%, and remain below their 50-day and 200-day moving averages. The stock has traded between $121.48 and $232.05 over the past year.
• Recent quarterly results exceeded expectations: XPO reported $1.70 in EPS versus the $1.48 consensus estimate, while revenue rose 13.2% year over year to $2.35 billion.

XPO (NYSE:XPO - Get Free Report) was upgraded by stock analysts at Sanford C. Bernstein to a "strong-buy" rating in a research report issued on Thursday, Zacks reports.

A number of other analysts also recently weighed in on XPO. Wells Fargo & Company upped their target price on XPO from $235.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, June 5th. The Goldman Sachs Group restated a "buy" rating and issued a $247.00 price target on shares of XPO in a research report on Thursday, July 30th. Weiss Ratings downgraded XPO from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Citigroup cut their price objective on shares of XPO from $221.00 to $220.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Bank of America reduced their price objective on shares of XPO from $248.00 to $228.00 and set a "buy" rating on the stock in a research note on Friday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, XPO has an average rating of "Moderate Buy" and an average price target of $225.82.

XPO Stock Down 0.1%

Shares of XPO opened at $182.11 on Thursday. XPO has a 12 month low of $121.48 and a 12 month high of $232.05. The firm's 50 day moving average is $200.88 and its 200-day moving average is $204.43. The stock has a market capitalization of $21.32 billion, a PE ratio of 53.72, a P/E/G ratio of 1.86 and a beta of 1.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts forecast that XPO will post 5.42 EPS for the current year.

Insider Activity

In other news, CAO Christopher Brown sold 3,750 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. bought a new position in shares of XPO in the second quarter worth about $32,000. Transamerica Financial Advisors LLC acquired a new position in XPO during the 2nd quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new position in XPO during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC bought a new position in XPO in the 4th quarter valued at approximately $41,000. Finally, Horizon Investments LLC acquired a new stake in XPO in the third quarter valued at approximately $39,000. Institutional investors own 97.73% of the company's stock.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

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