XPO's (XPO) "Buy" Rating Reiterated at Benchmark

Key Points

• Analysts at Benchmark have reiterated their "buy" rating for XPO, setting a target price of $140.00, which suggests a potential upside of 8.23% from its previous close.
• Recently, several other firms have adjusted their price targets for XPO, with Barclays raising theirs to $145.00 and Bank of America to $150.00, reflecting strong confidence in the company's performance.
• XPO reported earnings of $1.05 per share for the last quarter, exceeding analysts' expectations and showing a revenue growth of 0% year-over-year.

XPO (NYSE:XPO - Get Free Report)'s stock had its "buy" rating reissued by analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $140.00 target price on the transportation company's stock. Benchmark's price objective would indicate a potential upside of 8.23% from the stock's previous close.

XPO has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Morgan Stanley reduced their price target on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, August 1st. Barclays increased their price objective on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Bank of America boosted their price objective on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Susquehanna raised their target price on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $139.25.

XPO Price Performance

Shares of NYSE:XPO opened at $129.36 on Wednesday. The company has a market cap of $15.23 billion, a PE ratio of 44.76, a P/E/G ratio of 2.46 and a beta of 1.96. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a 50-day simple moving average of $129.42 and a 200 day simple moving average of $119.91. 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 issued its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. XPO's revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. On average, sell-side analysts anticipate that XPO will post 4.15 EPS for the current year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

Institutional Trading of XPO

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in XPO by 306.9% in the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company's stock valued at $660,679,000 after buying an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP grew its stake in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company's stock worth $454,020,000 after acquiring an additional 1,589,759 shares in the last quarter. Norges Bank acquired a new stake in shares of XPO in the second quarter valued at approximately $168,840,000. Cooke & Bieler LP bought a new stake in shares of XPO in the second quarter worth $108,218,000. Finally, BNP Paribas Financial Markets lifted its position in shares of XPO by 854.2% in the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock worth $59,335,000 after purchasing an additional 493,736 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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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