XPO (NYSE:XPO) Earns Market Perform Rating from Analysts at Citizens Jmp

Citizens Jmp initiated coverage on shares of XPO (NYSE:XPO) in a report published on Wednesday, MarketBeat.com reports. The brokerage issued a market perform rating on the transportation company’s stock.

XPO has been the subject of a number of other research reports. Oppenheimer boosted their price objective on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Barclays increased their target price on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Susquehanna lifted their price target on XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday. Benchmark boosted their price target on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $237.00 price target on XPO in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.57.

XPO Stock Down 2.1%

XPO stock opened at $214.67 on Wednesday. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of 73.52, a PEG ratio of 2.52 and a beta of 1.85. The company’s 50 day simple moving average is $209.09 and its 200 day simple moving average is $194.68. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO has a fifty-two week low of $116.68 and a fifty-two week high of $232.05.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business posted $0.73 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that XPO will post 4.9 EPS for the current year.

Insider Buying and Selling

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by insiders.

Institutional Trading of XPO

A number of institutional investors and hedge funds have recently bought and sold shares of XPO. Durable Capital Partners LP boosted its holdings in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Norges Bank bought a new stake in shares of XPO in the fourth quarter worth about $204,304,000. Bessemer Group Inc. increased its holdings in shares of XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after purchasing an additional 1,299,480 shares during the last quarter. Invesco Ltd. lifted its position in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after buying an additional 1,036,434 shares in the last quarter. Finally, Orbis Allan Gray Ltd lifted its position in shares of XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.