XPO, Inc. (NYSE:XPO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of XPO, Inc. (NYSE:XPO) have received an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seventeen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $225.8571.

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Barclays upped their price objective on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Stephens increased their price objective on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. TD Cowen lifted their target price on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Morgan Stanley set a $105.00 target price on XPO and gave the company an “underweight” rating in a research note on Friday, May 1st.

XPO Stock Down 0.1%

Shares of XPO stock opened at $202.39 on Monday. The company has a market capitalization of $23.70 billion, a P/E ratio of 59.70, a price-to-earnings-growth ratio of 2.06 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $209.09 and a two-hundred day moving average of $201.43. XPO has a 1 year low of $117.98 and a 1 year high of $232.05.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. As a group, equities analysts predict that XPO will post 5.44 EPS for the current year.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Amundi boosted its stake in shares of XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after buying an additional 1,820 shares during the last quarter. AQR Capital Management LLC increased its position in shares of XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after acquiring an additional 1,243 shares during 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 acquired a new position in XPO during the second quarter valued at approximately $611,000. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

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.