Stifel Nicolaus Upgrades XPO (NYSE:XPO) to Buy

XPO (NYSE:XPO) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $147.00 price objective on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 17.88% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. TD Cowen increased their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Raymond James reduced their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group increased their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $161.13.

XPO Price Performance

Shares of XPO opened at $124.70 on Monday. The firm has a market capitalization of $14.62 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. The company’s fifty day moving average price is $138.54 and its 200-day moving average price is $130.27. XPO has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, equities research analysts predict that XPO will post 4.15 EPS for the current year.

Institutional Trading of XPO

Several institutional investors have recently made changes to their positions in the stock. D1 Capital Partners L.P. raised its position in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. Capital Research Global Investors raised its position 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 valued at $1,789,171,000 after acquiring an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in XPO during the fourth quarter valued at approximately $231,667,000. Capital World Investors raised its position in XPO by 26.1% during the fourth 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 in the last quarter. Finally, Norges Bank bought a new position in XPO during the fourth quarter valued at approximately $188,808,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Company Profile

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.