Stifel analyst J. Bruce Chan maintains $XPO (XPO.US)$ with a buy rating, and adjusts the target price from $126 to $131.
According to TipRanks data, the analyst has a success rate of 54.6% and a total average return of 2.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $XPO (XPO.US)$'s main analysts recently are as follows:
The company's third-quarter results, along with a positive management call, suggest that XPO, Inc is effectively achieving its strategic goals, reinforcing the view that it merits recognition as one of the premier national less-than-truckload carriers.
XPO, Inc. continues to demonstrate robust quarterly performance despite the challenging freight industry conditions. Analysts note that current pricing trends are laying the groundwork for sustained margin and earnings growth into 2025, as the company consistently performs well amidst a softening freight landscape.
XPO, Inc appears to be on track to achieve a high-70% operating ratio by FY28. This performance, combined with an expected enterprise value to EBITDA multiple of 12.5 times, suggests a strong support for its share value. The company boasts a robust management team and a strategic plan to enhance service quality, pricing, and operational efficiency, all contributing to a substantial increase in operating margins.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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