XPO (NYSE:XPO) Earns Buy Rating from Analysts at Citigroup

Citigroup assumed coverage on shares of XPO (NYSE:XPO) in a research note released on Wednesday, MarketBeat reports. The firm issued a buy rating and a $127.00 price target on the transportation company’s stock.

Several other equities research analysts have also commented on the stock. Bank of America reduced their price target on shares of XPO from $135.00 to $134.00 and set a buy rating for the company in a report on Monday, July 22nd. Stephens reiterated an overweight rating and issued a $150.00 target price on shares of XPO in a report on Thursday, September 5th. Oppenheimer restated an outperform rating and issued a $140.00 price target on shares of XPO in a report on Friday, October 4th. JPMorgan Chase & Co. decreased their target price on shares of XPO from $147.00 to $143.00 and set an overweight rating for the company in a research report on Friday, September 6th. Finally, Stifel Nicolaus lifted their price target on shares of XPO from $120.00 to $125.00 and gave the stock a buy rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, XPO presently has an average rating of Moderate Buy and a consensus target price of $130.35.

XPO Stock Up 3.8 %

Shares of NYSE XPO opened at $115.52 on Wednesday. The firm has a 50-day simple moving average of $112.19 and a two-hundred day simple moving average of $112.01. The company has a market cap of $13.44 billion, a P/E ratio of 56.62, a PEG ratio of 1.77 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO has a 1 year low of $65.80 and a 1 year high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.71 EPS. XPO’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts anticipate that XPO will post 3.57 earnings per share for the current year.

Institutional Trading of XPO

Large investors have recently made changes to their positions in the business. Creative Planning boosted its holdings in XPO by 11.3% in the third quarter. Creative Planning now owns 6,019 shares of the transportation company’s stock valued at $647,000 after purchasing an additional 611 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in XPO during the third quarter worth about $25,000. Oliver Luxxe Assets LLC raised its position in XPO by 1.2% during the third quarter. Oliver Luxxe Assets LLC now owns 19,493 shares of the transportation company’s stock valued at $2,096,000 after acquiring an additional 234 shares in the last quarter. Gilman Hill Asset Management LLC lifted its holdings in XPO by 0.7% in the third quarter. Gilman Hill Asset Management LLC now owns 36,237 shares of the transportation company’s stock valued at $3,896,000 after acquiring an additional 255 shares during the period. Finally, Gateway Investment Advisers LLC boosted its position in XPO by 181.4% in the 3rd quarter. Gateway Investment Advisers LLC now owns 31,528 shares of the transportation company’s stock worth $3,390,000 after purchasing an additional 20,326 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.