XPO (NYSE:XPO) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of XPO (NYSE:XPO) from a sell rating to a hold rating in a research note released on Friday.

Other analysts have also recently issued reports about the company. Barclays increased their target price on XPO from $80.00 to $85.00 in a research note on Wednesday, October 4th. Wells Fargo & Company upped their price target on XPO from $58.00 to $78.00 and gave the stock an equal weight rating in a research report on Monday, August 7th. Susquehanna upped their price target on XPO from $88.00 to $92.00 and gave the stock a positive rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. reduced their price target on XPO from $89.00 to $88.00 and set an overweight rating for the company in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus upped their price target on XPO from $69.00 to $70.00 in a research report on Thursday, October 5th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $80.57.

XPO Stock Performance

Shares of XPO stock opened at $88.33 on Friday. 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 cap of $10.24 billion, a PE ratio of 284.94, a price-to-earnings-growth ratio of 2.57 and a beta of 2.13. The stock has a 50-day moving average of $75.65 and a 200-day moving average of $65.64. XPO has a one year low of $29.02 and a one year high of $89.14.

XPO (NYSE:XPO) last posted its earnings results on Monday, October 30th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.24. XPO had a return on equity of 33.40% and a net margin of 0.48%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the business earned $1.45 EPS. XPO’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that XPO will post 2.8 earnings per share for the current year.

Insider Activity at XPO

In other XPO news, Director J Wes Frye purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $79.71 per share, for a total transaction of $119,565.00. Following the purchase, the director now owns 3,000 shares in the company, valued at $239,130. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in XPO by 5.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,181 shares of the transportation company’s stock worth $1,722,000 after buying an additional 1,628 shares during the period. Lagoda Investment Management L.P. increased its position in shares of XPO by 1.4% in the first quarter. Lagoda Investment Management L.P. now owns 190,210 shares of the transportation company’s stock worth $6,068,000 after purchasing an additional 2,610 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of XPO in the second quarter worth $101,000. American Century Companies Inc. increased its position in shares of XPO by 665.5% in the first quarter. American Century Companies Inc. now owns 264,895 shares of the transportation company’s stock worth $8,436,000 after purchasing an additional 230,291 shares during the period. Finally, Nicholas Investment Partners LP bought a new position in shares of XPO in the second quarter worth $476,000. Institutional investors own 89.67% 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.