Analysts Are Upgrading These 5 Value Stocks

1. XPO Logistics, Inc. (NYSE:XPO)

Number of Hedge Fund Holders: 53

P/E Ratio as of March 14: 18.77

XPO Logistics, Inc. (NYSE:XPO) is headquartered in Greenwich, Connecticut, providing freight transportation services across 18 countries. Elite hedge funds hold large stakes in XPO Logistics, Inc. (NYSE:XPO). As of Q4 2021, 53 funds were bullish on the stock, up from 49 funds in the earlier quarter. 

On February 8, XPO Logistics, Inc. (NYSE:XPO) reported its financial results for Q4 2021, posting earnings per share of $1.34, topping market predictions by $0.36. The revenue came in at $3.36 billion, above consensus by approximately $107 million. 

BofA analyst Ken Hoexter upgraded XPO Logistics, Inc. (NYSE:XPO) to Buy from Neutral on March 11, lifting the price target to $96 from $70. The company has a renewed focus on increasing growth and profitability, while the spinoff of its tech-enabled truck brokerage “will be one of the most exciting pure plays in the sector”, according to the analyst.

Among the hedge funds tracked by Insider Monkey, Orbis Investment Management is the leading shareholder of XPO Logistics, Inc. (NYSE:XPO), with more than 11 million shares worth close to $860 million. 

Here is what ClearBridge Mid Cap Growth Strategy has to say about XPO Logistics, Inc. (NYSE:XPO) in its Q3 2021 investor letter:

“The Strategy also gained shares of GXO Logistics following its spinoff from existing holding XPO Logistics. GXO is the largest pure play contract logistics company globally, handling warehousing/distribution, order fulfillment and e-commerce, but its value has been hidden as one of five divisions inside parent XPO.”

You can also take a look at 10 Safe Dividend Stocks to Buy Today and 10 Defense Stocks to Buy As Geopolitical Tensions Rise. 

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