XPO (NYSE:XPO) Upgraded at Citigroup

Key Points

• XPO has been upgraded from a "neutral" rating to a "buy" rating by Citigroup, with a price target of $140.00, indicating a potential upside of 16.46% from its current price.
• The company reported $1.05 earnings per share, surpassing consensus estimates of $0.99, and its revenue reached $2.08 billion for the quarter.
• Nineteen analysts currently rate XPO as a "buy," with an average target price of $141.16, reflecting growing investor confidence in the stock's performance.

XPO (NYSE:XPO - Get Free Report) was upgraded by stock analysts at Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm currently has a $140.00 price target on the transportation company's stock. Citigroup's price objective indicates a potential upside of 16.46% from the company's current price.

XPO has been the subject of several other reports. Evercore ISI lifted their target price on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Truist Financial lifted their target price on shares of XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Wells Fargo & Company lifted their target price on shares of XPO from $116.00 to $144.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Stifel Nicolaus lifted their target price on shares of XPO from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, TD Cowen dropped their target price on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $141.16.

XPO Price Performance

Shares of NYSE:XPO opened at $120.21 on Friday. The company has a 50 day moving average of $125.48 and a 200 day moving average of $120.49. The stock has a market cap of $14.16 billion, a P/E ratio of 36.99, a P/E/G ratio of 2.56 and a beta of 1.93. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a net margin of 4.87% and a return on equity of 28.27%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the business posted $1.12 earnings per share. XPO's revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

Institutional Trading of XPO

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its position in XPO by 57.3% during the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after purchasing an additional 27,034 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of XPO by 40.0% during the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock valued at $31,138,000 after acquiring an additional 67,800 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of XPO during the 1st quarter valued at about $247,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of XPO by 14.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after acquiring an additional 3,057 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of XPO by 29.6% during the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after acquiring an additional 425,678 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.

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