XPO (NYSE:XPO) Earns Market Perform Rating from Analysts at Citizens Jmp

Equities research analysts at Citizens Jmp initiated coverage on shares of XPO (NYSE:XPO) in a research note issued on Wednesday. The brokerage set a “market perform” rating on the transportation company’s stock.

A number of other brokerages have also recently commented on XPO. Susquehanna raised their price objective on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of XPO in a report on Thursday, April 30th. UBS Group lifted their price target on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Truist Financial set a $240.00 price target on shares of XPO in a research note on Friday, May 1st. Finally, TD Cowen upped their price objective on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $219.57.

XPO Price Performance

XPO stock opened at $209.78 on Wednesday. The stock has a market capitalization of $24.63 billion, a PE ratio of 71.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.85. The company’s 50-day moving average is $208.77 and its 200-day moving average is $193.54. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO has a 1 year low of $116.68 and a 1 year high of $232.05.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that XPO will post 4.9 EPS for the current fiscal year.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XPO. Border to Coast Pensions Partnership Ltd bought a new position in shares of XPO during the 1st quarter worth $36,048,000. Econ Financial Services Corp bought a new stake in XPO in the 4th quarter valued at about $1,837,000. Calamos Advisors LLC lifted its holdings in XPO by 247.8% during the fourth quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock valued at $1,899,000 after purchasing an additional 9,956 shares during the last quarter. K.J. Harrison & Partners Inc lifted its holdings in XPO by 460.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 28,000 shares of the transportation company’s stock valued at $3,805,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Dakota Wealth Management boosted its position in XPO by 23.3% during the fourth quarter. Dakota Wealth Management now owns 14,641 shares of the transportation company’s stock worth $1,990,000 after purchasing an additional 2,765 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.