XPO (NYSE:XPO) Coverage Initiated at Truist Financial

Truist Financial initiated coverage on shares of XPO (NYSE:XPO) in a report issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $130.00 price target on the transportation company’s stock. Truist Financial’s target price indicates a potential upside of 19.32% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group lifted their price objective on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Stephens reissued an “overweight” rating and issued a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Raymond James dropped their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Barclays decreased their target price on shares of XPO from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Thursday, March 6th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $158.47.

XPO Stock Up 1.7 %

Shares of XPO stock opened at $108.95 on Thursday. XPO has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The firm has a market capitalization of $12.77 billion, a PE ratio of 33.73, a P/E/G ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day simple moving average is $132.43 and its 200-day simple moving average is $129.91.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Equities analysts expect that XPO will post 4.15 earnings per share for the current year.

Institutional Investors Weigh In On XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Versant Capital Management Inc acquired a new position in shares of XPO in the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in XPO in the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. raised its holdings in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after buying an additional 130 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of XPO during the third quarter worth about $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.