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

Shares of XPO, Inc. (NYSE:XPO) have been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, twenty 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 $149.6667.

A number of equities analysts recently commented on XPO shares. Morgan Stanley lifted their price objective on XPO from $83.00 to $90.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. dropped their price target on shares of XPO from $166.00 to $163.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Cowen reaffirmed a “buy” rating on shares of XPO in a research note on Friday, October 31st. Rothschild & Co Redburn assumed coverage on shares of XPO in a research note on Wednesday, November 26th. They set a “buy” rating and a $156.00 target price for the company. Finally, Bank of America boosted their target price on shares of XPO from $151.00 to $158.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd.

XPO Stock Performance

Shares of XPO stock opened at $141.36 on Friday. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 50.85, a P/E/G ratio of 2.81 and a beta of 2.03. XPO has a twelve month low of $85.06 and a twelve month high of $155.08. The company’s fifty day moving average is $137.75 and its 200 day moving average is $132.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%.The firm had revenue of ($2,243.00) million for the quarter. Sell-side analysts forecast that XPO will post 4.15 EPS for the current year.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vise Technologies Inc. grew its stake in XPO by 3.4% during the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock worth $297,000 after purchasing an additional 76 shares during the period. GAMMA Investing LLC grew its position in shares of XPO by 4.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock worth $235,000 after buying an additional 78 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of XPO by 23.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 82 shares in the last quarter. Archer Investment Corp increased its stake in shares of XPO by 9.6% in the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 82 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its position in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 83 shares during the period. 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.