Brokerages Set XPO, Inc. (NYSE:XPO) Price Target at $181.57

XPO, Inc. (NYSE:XPO) has received an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $181.5714.

A number of analysts recently weighed in on XPO shares. Stifel Nicolaus increased their price objective on shares of XPO from $166.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Morgan Stanley reissued an “underweight” rating and set a $95.00 target price on shares of XPO in a research note on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on shares of XPO from $160.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Stephens restated an “overweight” rating and issued a $170.00 price target on shares of XPO in a research note on Tuesday, January 6th. Finally, Oppenheimer lifted their price target on XPO from $198.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd.

XPO Price Performance

Shares of XPO opened at $188.48 on Friday. XPO has a 12 month low of $85.06 and a 12 month high of $220.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $172.42 and a 200 day moving average price of $147.94. The company has a market cap of $22.08 billion, a P/E ratio of 71.12, a PEG ratio of 2.44 and a beta of 1.93.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts forecast that XPO will post 4.15 earnings per share for the current year.

Institutional Trading of XPO

Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of XPO by 306.9% in the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after purchasing an additional 3,945,683 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of XPO by 79.3% during the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares in the last quarter. Norges Bank bought a new stake in shares of XPO during the fourth quarter valued at about $204,304,000. Bessemer Group Inc. lifted its holdings in XPO by 228,761.0% in the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after purchasing an additional 1,120,929 shares during the period. Finally, Capital World Investors grew its position in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after buying an additional 735,450 shares in the last quarter. 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.