XPO (NYSE:XPO) Coverage Initiated at Citizens Jmp

Investment analysts at Citizens Jmp began coverage on shares of XPO (NYSE:XPO) in a report released on Wednesday, Marketbeat Ratings reports. The firm set a “market perform” rating on the transportation company’s stock.

XPO has been the subject of a number of other reports. Raymond James Financial dropped their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research note on Monday. Benchmark upped their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. UBS Group increased their target price on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Wells Fargo & Company raised their price target on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, Citigroup started coverage on XPO in a research report on Wednesday. They set a “market perform” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $219.57.

XPO Price Performance

XPO stock opened at $219.46 on Wednesday. The firm has a market capitalization of $25.77 billion, a PE ratio of 75.16, a P/E/G ratio of 2.36 and a beta of 1.85. XPO has a 52 week low of $116.68 and a 52 week high of $232.05. The firm’s 50-day simple moving average is $208.88 and its 200 day simple moving average is $194.54. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. On average, equities research analysts predict that XPO will post 4.9 EPS for the current fiscal year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. E. Ohman J or Asset Management AB acquired a new stake in shares of XPO during the second quarter worth $1,170,000. Handelsbanken Fonder AB grew its holdings in XPO by 0.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 37,300 shares of the transportation company’s stock valued at $7,657,000 after buying an additional 300 shares during the period. City Holding Co. increased its stake in shares of XPO by 4.0% during the 2nd quarter. City Holding Co. now owns 7,090 shares of the transportation company’s stock valued at $1,455,000 after acquiring an additional 275 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of XPO by 37.2% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 18,820 shares of the transportation company’s stock worth $3,864,000 after acquiring an additional 5,100 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of XPO in the second quarter worth approximately $1,518,000. 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.