XPO (NYSE:XPO) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of XPO (NYSE:XPO) in a research note issued to investors on Wednesday morning, MarketBeat reports. The brokerage issued a market perform rating on the transportation company’s stock.

XPO has been the subject of several other reports. Stephens raised XPO to a “strong-buy” rating in a research note on Wednesday, July 8th. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Truist Financial set a $240.00 price target on shares of XPO in a report on Friday, May 1st. Barclays upped their price objective on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Bank of America increased their price objective on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $219.57.

XPO Stock Down 2.5%

XPO stock opened at $204.79 on Wednesday. XPO has a one year low of $116.68 and a one year high of $232.05. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s fifty day moving average is $208.63 and its 200 day moving average is $193.99. The firm has a market cap of $24.04 billion, a PE ratio of 70.13, a P/E/G ratio of 2.42 and a beta of 1.85.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts forecast that XPO will post 4.9 EPS for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Trading of XPO

Institutional investors have recently made changes to their positions in the company. E. Ohman J or Asset Management AB acquired a new stake in XPO during the second quarter worth $1,170,000. Handelsbanken Fonder AB lifted its stake in shares of XPO by 0.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 37,300 shares of the transportation company’s stock valued at $7,657,000 after purchasing an additional 300 shares during the last quarter. City Holding Co. lifted its stake in shares of XPO by 4.0% in the 2nd quarter. City Holding Co. now owns 7,090 shares of the transportation company’s stock valued at $1,455,000 after purchasing an additional 275 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of XPO by 37.2% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 18,820 shares of the transportation company’s stock worth $3,864,000 after purchasing an additional 5,100 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of XPO during the 2nd quarter worth $1,518,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.