Stephens Reaffirms Overweight Rating for XPO (NYSE:XPO)

XPO (NYSE:XPO)‘s stock had its “overweight” rating reiterated by investment analysts at Stephens in a note issued to investors on Wednesday,Benzinga reports. They presently have a $171.00 target price on the transportation company’s stock. Stephens’ price objective would indicate a potential upside of 52.26% from the stock’s previous close.

XPO has been the topic of a number of other research reports. Raymond James cut their target price on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Oppenheimer upped their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Citigroup increased their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Monday, February 24th. Finally, Wells Fargo & Company decreased their price objective on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $161.50.

XPO Trading Down 3.8 %

NYSE XPO traded down $4.49 on Wednesday, hitting $112.31. The company’s stock had a trading volume of 540,202 shares, compared to its average volume of 1,466,034. The firm has a market cap of $13.17 billion, a P/E ratio of 34.77, a PEG ratio of 1.79 and a beta of 2.12. XPO has a 52-week low of $97.03 and a 52-week high of $161.00. The company’s 50-day simple moving average is $135.26 and its 200 day simple moving average is $130.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Research analysts predict that XPO will post 4.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Stephens Inc. AR raised its position in XPO by 6.4% in the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after buying an additional 142 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of XPO by 8.8% during the third quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 322 shares during the last quarter. Principal Financial Group Inc. lifted its position in XPO by 23.7% during the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company’s stock valued at $51,677,000 after purchasing an additional 91,973 shares during the period. Axxcess Wealth Management LLC bought a new stake in XPO in the 3rd quarter worth approximately $229,000. Finally, Colonial River Investments LLC purchased a new stake in XPO during the 3rd quarter valued at $230,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.