XPO (NYSE:XPO) Upgraded at Zacks Research

Zacks Research upgraded shares of XPO (NYSE:XPO) from a strong sell rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Evercore set a $200.00 price target on shares of XPO in a research note on Friday, February 6th. Citigroup increased their target price on XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. The Goldman Sachs Group restated a “buy” rating and issued a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a research note on Friday, February 6th. Finally, Benchmark reissued a “buy” rating on shares of XPO in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $178.17.

XPO Price Performance

XPO opened at $195.37 on Thursday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $22.89 billion, a PE ratio of 73.73, a price-to-earnings-growth ratio of 2.56 and a beta of 2.01. The stock’s 50 day moving average price is $154.11 and its 200-day moving average price is $139.35. XPO has a 52-week low of $85.06 and a 52-week high of $207.04.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that XPO will post 4.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Bayforest Capital Ltd raised its stake in XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in shares of XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Elyxium Wealth LLC purchased a new stake in XPO during the fourth quarter valued at $28,000. Root Financial Partners LLC bought a new position in XPO in the third quarter valued at about $32,000. Finally, Torren Management LLC purchased a new position in XPO in the fourth quarter worth about $37,000. Institutional investors own 97.73% of the company’s stock.

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.