XPO, Inc. (NYSE:XPO) Receives $217.38 Average PT from Analysts

Shares of XPO, Inc. (NYSE:XPO) have been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $218.0952.

XPO has been the topic of a number of research reports. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Jefferies Financial Group boosted their price target on shares of XPO to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price target on shares of XPO in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Barclays upped their target price on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st.

XPO Stock Performance

Shares of XPO stock opened at $214.21 on Friday. The firm has a market cap of $25.15 billion, a price-to-earnings ratio of 73.36, a price-to-earnings-growth ratio of 2.56 and a beta of 1.83. The stock’s 50-day moving average is $213.84 and its 200-day moving average is $184.94. 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 current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. Equities analysts predict that XPO will post 4.85 earnings per share for the current fiscal year.

Insider Transactions at XPO

In related news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently bought and sold shares of XPO. Amundi raised its holdings in XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,820 shares in the last quarter. AQR Capital Management LLC raised its holdings in XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares in the last quarter. NewEdge Advisors LLC raised its holdings in XPO by 3.2% during the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after acquiring an additional 355 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in XPO during the second quarter worth about $611,000. Institutional investors own 97.73% of the company’s stock.

About XPO

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.