XPO (NYSE:XPO – Get Free Report) had its target price lifted by Susquehanna from $212.00 to $214.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 2.10% from the company’s previous close.
A number of other research firms have also recently issued reports on XPO. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 target price on shares of XPO in a research report on Thursday, April 30th. Raymond James Financial decreased their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Finally, Benchmark increased their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $219.57.
Get Our Latest Stock Analysis on XPO
XPO Stock Up 0.8%
XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. On average, research analysts anticipate that XPO will post 4.9 earnings per share for the current year.
Insider Activity at XPO
In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.
Hedge Funds Weigh In On XPO
Institutional investors have recently added to or reduced their stakes in the company. Durable Capital Partners LP boosted its position in XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares in the last quarter. Norges Bank acquired a new stake in shares of XPO during the fourth quarter worth approximately $204,304,000. Bessemer Group Inc. raised its stake 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 valued at $470,986,000 after acquiring an additional 1,299,480 shares during the last quarter. Invesco Ltd. raised its stake 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 valued at $810,249,000 after acquiring an additional 1,036,434 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its holdings in shares of XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after acquiring an additional 499,220 shares in the last quarter. 97.73% of the stock is owned by institutional investors.
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.
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