XPO (NYSE:XPO) Earns Buy Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of XPO (NYSE:XPO) in a research report released on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $130.00 price target on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on the company. Benchmark upped their price target on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Monday, February 24th. Raymond James dropped their price target 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. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and upped their price objective for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Finally, Bank of America lowered their target price on XPO from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $158.47.

XPO Stock Performance

NYSE:XPO opened at $106.05 on Thursday. The firm’s fifty day simple moving average is $131.90 and its 200 day simple moving average is $129.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a twelve month low of $97.03 and a twelve month high of $161.00. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.79 and a beta of 2.13.

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

Hedge Funds Weigh In On XPO

Large investors have recently added to or reduced their stakes in the company. D1 Capital Partners L.P. increased its stake in XPO by 84.2% during 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 purchasing an additional 2,153,042 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in shares of XPO during the 4th quarter valued at about $231,667,000. Capital World Investors raised its stake in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares during the period. Finally, Norges Bank bought a new position in XPO in the fourth quarter worth about $188,808,000. 97.73% of the stock is currently 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.