Analyst Jason Seidl of TD Cowen reiterated a Buy rating on XPO (XPO – Research Report), boosting the price target to $151.00.
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Jason Seidl has given his Buy rating due to a combination of factors that highlight XPO’s strong performance and future potential. XPO exceeded expectations in both the fourth quarter and full year, demonstrating notable margin improvements that place it ahead of its peers. The company’s insourcing of linehaul operations is expected to strengthen margins further during an over-the-road upcycle, and recent pricing acceleration is a positive indicator for future performance.
Additionally, XPO’s adjusted earnings per share surpassed both the forecast and consensus estimates, driven by lower corporate expenses. The company’s North American less-than-truckload (LTL) operations also performed better than anticipated, and management’s conservative volume projections could present additional upside if industrial demand picks up. These factors combined with XPO’s strategic moves to enhance its insourced network, suggest a strong outlook, prompting Jason Seidl to reiterate a Buy rating.
Seidl covers the Industrials sector, focusing on stocks such as Covenant Logistics Group, Saia, and ArcBest. According to TipRanks, Seidl has an average return of 22.3% and a 68.39% success rate on recommended stocks.