Analyst Christian Wetherbee from Wells Fargo maintained a Buy rating on XPO (XPO – Research Report) and keeping the price target at $170.00.
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Christian Wetherbee has given his Buy rating due to a combination of factors that indicate XPO’s strong performance in the less-than-truckload (LTL) segment. The company exceeded expectations for the fourth quarter, particularly in its LTL operations, with revenues surpassing targets by $24 million. This strong performance was driven by better-than-anticipated tonnage and pricing, suggesting a positive outlook for the stock.
Additionally, XPO’s adjusted earnings per share significantly outpaced both Wetherbee’s and consensus estimates, largely due to a notable gain from a real estate sale. Despite a slight year-over-year decline in consolidated revenue, the improvement in adjusted EBITDA and operating ratios underscores the company’s operational efficiency. Although performance in Europe didn’t meet expectations, the overall robust results in key areas support the Buy recommendation.
In another report released today, Barclays also maintained a Buy rating on the stock with a $165.00 price target.
XPO’s price has also changed moderately for the past six months – from $111.080 to $146.910, which is a 32.26% increase.