XPO (NYSE:XPO) Raised to Hold at Wall Street Zen

Key Points

• XPO has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment toward the company's stock.
• Several analysts have increased their price targets on XPO shares, with a consensus price target now set at $138.00 and a general rating of "Moderate Buy".
• In the last quarter, XPO reported earnings per share of $1.05, surpassing expectations and reflecting a year-over-year revenue increase.

XPO (NYSE:XPO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

XPO has been the topic of several other reports. Evercore ISI upped their price objective on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Barclays upped their price objective on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Wells Fargo & Company raised their target price on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a report on Friday. Oppenheimer lifted their price objective on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, July 7th. Finally, Susquehanna upped their price target on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, XPO has a consensus rating of "Moderate Buy" and an average price target of $138.00.

XPO Trading Down 1.3%

Shares of NYSE:XPO opened at $118.76 on Friday. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.33 and a beta of 1.93. The company's fifty day simple moving average is $125.52 and its 200 day simple moving average is $120.38. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business posted $1.12 EPS. The company's quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Hedge funds have recently modified their holdings of the business. Argent Trust Co increased its holdings in shares of XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after purchasing an additional 75 shares during the last quarter. GAMMA Investing LLC increased its position in XPO by 4.4% in the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company's stock worth $235,000 after purchasing an additional 78 shares during the last quarter. Scientech Research LLC raised its stake in XPO by 0.9% during the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after purchasing an additional 84 shares in the last quarter. SageView Advisory Group LLC raised its position in shares of XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after buying an additional 96 shares in the last quarter. Finally, Utah Retirement Systems raised its position in XPO by 1.6% during the fourth quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock valued at $812,000 after purchasing an additional 100 shares during the period. 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.

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