XPO, Inc. (NYSE:XPO) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of XPO, Inc. (NYSE:XPO) have earned an average recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $225.82.

A number of brokerages recently weighed in on XPO. Stifel Nicolaus raised their price target on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Citizens Jmp initiated coverage on XPO in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. TD Cowen boosted their target price on XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets upped their price target on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th.

Insider Buying and Selling

In other news, COO David J. Bates sold 2,615 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the transaction, the chief operating officer owned 64,735 shares of the company’s stock, valued at $11,614,106.35. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,365 shares of company stock worth $1,612,085 over the last three months. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XPO

Several institutional investors have recently modified their holdings of XPO. BlackRock Inc. bought a new stake in XPO in the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP bought a new position in shares of XPO during the 2nd quarter worth approximately $2,026,148,865. Bessemer Group Inc. increased its holdings in shares of XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after acquiring an additional 1,299,480 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of XPO by 9.7% during the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after acquiring an additional 261,935 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of XPO by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,117,422 shares of the transportation company’s stock worth $287,841,000 after acquiring an additional 22,614 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Up 2.0%

Shares of NYSE:XPO opened at $176.68 on Tuesday. XPO has a 12 month low of $121.48 and a 12 month high of $232.05. The company’s 50-day moving average price is $193.75 and its two-hundred day moving average price is $202.30. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm has a market cap of $20.69 billion, a P/E ratio of 52.12, a P/E/G ratio of 1.76 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company posted $1.05 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that XPO will post 5.42 EPS for the current fiscal year.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.