XPO (NYSE:XPO) Rating Increased to Positive at Susquehanna

XPO (NYSE:XPO) was upgraded by investment analysts at Susquehanna from a “neutral” rating to a “positive” rating in a report issued on Friday,Finviz reports. The brokerage currently has a $180.00 price objective on the transportation company’s stock, up from their prior price objective of $155.00. Susquehanna’s target price would suggest a potential upside of 22.54% from the stock’s current price.

Several other brokerages have also recently weighed in on XPO. JPMorgan Chase & Co. raised their target price on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Benchmark raised their target price on shares of XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company dropped their price target on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus raised their price objective on XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group upped their target price on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $152.53.

XPO Stock Performance

Shares of XPO stock opened at $146.89 on Friday. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 47.54, a price-to-earnings-growth ratio of 1.75 and a beta of 2.12. The business has a 50 day simple moving average of $141.35 and a 200 day simple moving average of $127.57.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.57% and a return on equity of 31.16%. On average, equities research analysts anticipate that XPO will post 3.58 EPS for the current year.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. D1 Capital Partners L.P. grew its stake in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after buying an additional 2,153,042 shares in the last quarter. State Street Corp raised its stake in XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after buying an additional 37,486 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of XPO by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after buying an additional 10,318 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO during the 4th quarter worth approximately $163,938,000. Finally, Life Planning Partners Inc increased its holdings in shares of XPO by 12,923.2% during the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after acquiring an additional 830,963 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Company Profile

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.