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

XPO, Inc. (NYSE:XPO) has received an average recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, sixteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $218.0952.

Several research analysts have weighed in on XPO shares. Oppenheimer boosted their price target on XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Wells Fargo & Company lifted their price objective on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Benchmark upped their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Citigroup increased their target price on XPO from $221.00 to $236.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, TD Cowen lifted their price target on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a report on Friday, May 1st.

Insider Activity

In related news, Director Allison Landry sold 2,400 shares of the business’s 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 completion of the sale, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of XPO

Several institutional investors have recently made changes to their positions in the stock. Capital World Investors grew its position in XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after acquiring an additional 735,450 shares during the period. Invesco Ltd. raised its holdings in shares of XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the period. Durable Capital Partners LP lifted its stake in shares of XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after purchasing an additional 736,224 shares in the last quarter. Orbis Allan Gray Ltd grew its holdings in shares of XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after purchasing an additional 499,220 shares during the period. Finally, Clearbridge Investments LLC grew 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 purchasing an additional 261,935 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

NYSE:XPO opened at $199.56 on Friday. XPO has a 12-month low of $116.68 and a 12-month high of $232.05. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of 68.34, a price-to-earnings-growth ratio of 2.34 and a beta of 1.83. The company’s 50-day moving average is $213.75 and its two-hundred day moving average is $185.77. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

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

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.