XPO (XPO) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of XPO (NYSE: XPO) recently:

• 11/17/2023 – XPO was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/9/2023 – XPO was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/1/2023 – XPO had its price target raised by analysts at Raymond James from $85.00 to $90.00. They now have an “outperform” rating on the stock.
• 10/31/2023 – XPO had its price target raised by analysts at Susquehanna from $88.00 to $92.00. They now have a “positive” rating on the stock.
• 10/31/2023 – XPO had its price target lowered by analysts at JPMorgan Chase & Co. from $89.00 to $88.00. They now have an “overweight” rating on the stock.
• 10/31/2023 – XPO had its price target raised by analysts at BMO Capital Markets from $87.00 to $100.00. They now have an “outperform” rating on the stock.
• 10/31/2023 – XPO was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/31/2023 – XPO had its price target raised by analysts at Morgan Stanley from $68.00 to $70.00. They now have an “equal weight” rating on the stock.
• 10/31/2023 – XPO had its price target raised by analysts at Stephens from $80.00 to $86.00. They now have an “equal weight” rating on the stock.
• 10/31/2023 – XPO had its price target raised by analysts at Benchmark Co. from $87.00 to $90.00. They now have a “buy” rating on the stock.
• 10/31/2023 – XPO was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock, up previously from $81.00.
• 10/18/2023 – XPO had its price target raised by analysts at Oppenheimer Holdings Inc. from $82.00 to $88.00. They now have an “outperform” rating on the stock.
• 10/12/2023 – XPO had its price target raised by analysts at Benchmark Co. from $77.00 to $87.00. They now have a “buy” rating on the stock.
• 10/11/2023 – XPO had its price target raised by analysts at JPMorgan Chase & Co. from $84.00 to $89.00. They now have an “overweight” rating on the stock.
• 10/5/2023 – XPO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 10/5/2023 – XPO had its price target raised by analysts at Stifel Nicolaus from $69.00 to $70.00.
• 10/4/2023 – XPO had its price target raised by analysts at Susquehanna from $61.00 to $88.00. They now have a “positive” rating on the stock.
• 10/4/2023 – XPO had its price target raised by analysts at Barclays PLC from $80.00 to $85.00.
• 10/2/2023 – XPO had its price target raised by analysts at Morgan Stanley from $65.00 to $68.00. They now have an “equal weight” rating on the stock.
• 9/27/2023 – XPO was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $79.00 price target on the stock, up previously from $72.00.
• 9/22/2023 – XPO had its price target raised by analysts at BMO Capital Markets from $85.00 to $87.00. They now have an “outperform” rating on the stock.
• 9/20/2023 – XPO had its price target raised by analysts at Barclays PLC from $76.00 to $80.00. They now have an “overweight” rating on the stock.

XPO Price Performance

Shares of XPO stock traded up $1.28 during mid-day trading on Friday, hitting $87.79. 1,058,780 shares of the stock were exchanged, compared to its average volume of 1,844,377. The company has a market cap of $10.18 billion, a PE ratio of 283.19, a price-to-earnings-growth ratio of 2.55 and a beta of 2.13. XPO, Inc. has a 52-week low of $29.02 and a 52-week high of $88.15. The firm has a fifty day moving average of $75.00 and a 200 day moving average of $64.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last issued its quarterly earnings results on Monday, October 30th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. XPO had a net margin of 0.48% and a return on equity of 33.40%. XPO’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.45 EPS. Research analysts anticipate that XPO, Inc. will post 2.8 earnings per share for the current year.

Insider Transactions at XPO

In related news, Director J Wes Frye acquired 1,500 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $79.71 per share, with a total value of $119,565.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $239,130. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On XPO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. CWM LLC boosted its position in XPO by 50.3% in the 1st quarter. CWM LLC now owns 771 shares of the transportation company’s stock valued at $25,000 after buying an additional 258 shares during the period. Money Concepts Capital Corp boosted its position in XPO by 673.0% in the 4th quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock valued at $26,000 after buying an additional 673 shares during the period. Signaturefd LLC lifted its position in shares of XPO by 165.0% during the 2nd quarter. Signaturefd LLC now owns 469 shares of the transportation company’s stock worth $28,000 after purchasing an additional 292 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of XPO during the 1st quarter worth $31,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of XPO during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

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.