XPO, Inc. (NYSE:XPO) Given Average Rating of “Buy” by Brokerages

Shares of XPO, Inc. (NYSE:XPO) have received an average rating of “Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Sixteen equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $161.13.

XPO has been the topic of several research reports. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Monday, February 24th. Citigroup increased their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Jefferies Financial Group increased their price target 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. UBS Group increased their price target on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Raymond James reduced their price target on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th.

XPO Trading Up 2.0 %

Shares of XPO stock opened at $122.90 on Monday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $14.41 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. The company has a 50-day moving average of $135.88 and a two-hundred day moving average of $130.35. XPO has a 1-year low of $97.03 and a 1-year high of $161.00.

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

Institutional Trading of XPO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its holdings in XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after purchasing an additional 2,125,686 shares in the last quarter. Vanguard Group Inc. raised its holdings in XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after purchasing an additional 79,393 shares in the last quarter. Capital World Investors grew its position in shares of XPO by 26.1% during the fourth 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 during the last quarter. D1 Capital Partners L.P. grew its position in shares of XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. Finally, State Street Corp grew 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 worth $373,903,000 after acquiring an additional 37,486 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

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.