XPO (NYSE:XPO) Raised to “Strong-Buy” at Zacks Research

XPO (NYSE:XPO) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

XPO has been the subject of several other reports. Raymond James Financial reissued an “outperform” rating and set a $233.00 price objective on shares of XPO in a report on Friday, May 1st. Evercore set a $222.00 price objective on XPO in a report on Friday, May 1st. Truist Financial set a $240.00 price objective on XPO in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 price target on shares of XPO in a research note on Thursday, April 30th. Finally, Weiss Ratings raised XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.95.

XPO Stock Performance

Shares of NYSE:XPO opened at $219.07 on Thursday. The stock has a market capitalization of $25.72 billion, a P/E ratio of 75.02, a P/E/G ratio of 2.57 and a beta of 1.83. XPO has a 1-year low of $116.68 and a 1-year high of $231.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The business has a 50-day moving average price of $209.88 and a two-hundred day moving average price of $180.13.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. Equities analysts predict that XPO will post 4.84 earnings per share for the current year.

Insider Activity

In related news, Director Allison Landry sold 2,400 shares of the business’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 completion of the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently modified their holdings of XPO. Toth Financial Advisory Corp grew its position in shares of XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Elyxium Wealth LLC acquired a new position in shares of XPO in the 4th quarter valued at approximately $28,000. Torren Management LLC acquired a new position in shares of XPO in the 4th quarter valued at approximately $37,000. Horizon Investments LLC acquired a new position in shares of XPO in the 3rd quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC acquired a new position in shares of XPO in the 4th quarter valued at approximately $41,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

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.