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

Shares of XPO, Inc. (NYSE:XPO) have been assigned an average recommendation of “Moderate Buy” from the twenty-five research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $225.8571.

XPO has been the topic of a number of analyst reports. Citizens Jmp initiated coverage on shares of XPO in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Raymond James Financial decreased their target price on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Citigroup lowered their target price on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Oppenheimer upped their price target on XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets increased their price objective on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th.

Insiders Place Their Bets

In related news, CAO Christopher Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On XPO

Large investors have recently modified their holdings of the business. Amundi boosted its stake in XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after purchasing an additional 1,820 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 worth $1,856,000 after buying an additional 1,243 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after buying an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 88 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of XPO during the second quarter worth $611,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of XPO stock opened at $184.96 on Friday. XPO has a 1-year low of $121.48 and a 1-year high of $232.05. The stock’s 50-day moving average is $203.02 and its 200 day moving average is $205.08. The company has a market cap of $21.66 billion, a P/E ratio of 54.56, a PEG ratio of 1.89 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.

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, beating the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Research analysts predict that XPO will post 5.44 earnings per share for the current fiscal 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.