Truist Financial Begins Coverage on XPO (NYSE:XPO)

Stock analysts at Truist Financial assumed coverage on shares of XPO (NYSE:XPO) in a report released on Thursday,Benzinga reports. The firm set a “buy” rating and a $130.00 price target on the transportation company’s stock. Truist Financial’s price target suggests a potential upside of 19.32% from the stock’s previous close.

A number of other analysts also recently commented on XPO. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Stephens reissued an “overweight” rating and issued a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 target price for the company. Barclays lowered their price target on shares of XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Jefferies Financial Group lifted their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $158.47.

XPO Stock Performance

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

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

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D1 Capital Partners L.P. grew its holdings in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after purchasing an additional 2,153,042 shares during the period. Capital Research Global Investors grew its stake in XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after buying an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of XPO in the fourth quarter worth $231,667,000. Capital World Investors raised its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares during the period. Finally, Norges Bank acquired a new position in shares of XPO during the 4th quarter valued at $188,808,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.