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

XPO, Inc. (NYSE:XPO) has been given a consensus rating of “Buy” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Nineteen research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $158.47.

A number of analysts have weighed in on the stock. Stephens reissued an “overweight” rating and set a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Jefferies Financial Group increased their price objective on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and boosted their target price for the company from $155.00 to $180.00 in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Monday, February 24th.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors boosted its position in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the last quarter. Vanguard Group Inc. boosted its holdings in XPO by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after acquiring an additional 79,393 shares during the last quarter. Capital World Investors grew its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares in the last quarter. D1 Capital Partners L.P. raised its holdings in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after purchasing an additional 2,153,042 shares during the last quarter. Finally, State Street Corp lifted its position in shares of XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after purchasing an additional 37,486 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE XPO opened at $110.99 on Friday. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.79 and a beta of 2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a twelve month low of $97.03 and a twelve month high of $161.00. The stock has a fifty day simple moving average of $127.60 and a 200 day simple moving average of $129.78.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Sell-side analysts expect that XPO will post 4.15 EPS for the current year.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.