XPO (NYSE:XPO) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

XPO (NYSE:XPO) released its quarterly earnings results on Thursday. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21, Zacks reports. XPO had a net margin of 4.57% and a return on equity of 31.16%.

XPO Stock Up 6.3 %

XPO stock traded up $8.53 during midday trading on Thursday, reaching $144.84. The company’s stock had a trading volume of 1,741,656 shares, compared to its average volume of 1,522,976. 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 stock has a market capitalization of $16.86 billion, a P/E ratio of 46.79, a PEG ratio of 1.75 and a beta of 2.12. The stock’s 50-day simple moving average is $141.35 and its 200-day simple moving average is $127.57. XPO has a 52-week low of $97.03 and a 52-week high of $161.00.

Analyst Ratings Changes

Several brokerages have recently weighed in on XPO. Jefferies Financial Group increased their price target on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays reduced their price objective on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group upped their target price on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. TD Cowen increased their price target on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Citigroup lifted their price objective on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.06.

About XPO

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.