XPO (NYSE:XPO) Rating Increased to Strong-Buy at Rothschild Redb

Rothschild Redb upgraded shares of XPO (NYSE:XPO) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company upped their price objective on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Truist Financial set a $145.00 target price on XPO in a research report on Tuesday, October 14th. Citigroup upped their price target on XPO from $155.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Raymond James Financial raised their price objective on XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, Rothschild & Co Redburn initiated coverage on shares of XPO in a report on Wednesday. They issued a “buy” rating and a $156.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.86.

XPO Trading Up 1.0%

Shares of XPO opened at $141.39 on Wednesday. XPO has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a market capitalization of $16.60 billion, a P/E ratio of 48.92, a P/E/G ratio of 2.51 and a beta of 1.99. The firm has a 50-day moving average price of $132.27 and a 200 day moving average price of $128.54. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of ($2,243.00) million for the quarter. Sell-side analysts forecast that XPO will post 4.15 EPS for the current year.

Insider Activity

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares of the company’s stock, valued at approximately $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On XPO

Institutional investors have recently bought and sold shares of the company. SouthState Corp acquired a new stake in shares of XPO during the first quarter worth about $25,000. Bayforest Capital Ltd grew its holdings in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in XPO during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in XPO during the 3rd quarter worth approximately $32,000. Finally, Horizon Investments LLC acquired a new stake in XPO during the 3rd quarter worth approximately $39,000. 97.73% of the stock is 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.