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

XPO, Inc. (NYSE:XPO) has earned an average rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $219.4762.

Several research analysts have recently weighed in on XPO shares. Truist Financial set a $240.00 price target on XPO in a research note on Friday, May 1st. Citigroup decreased their price target on shares of XPO from $236.00 to $226.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Raymond James Financial lowered their target price on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group upped their price target on XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors grew its holdings in XPO by 7.3% during 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 purchasing an additional 735,450 shares during the last quarter. Invesco Ltd. grew its stake in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP increased its stake in shares of XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after buying an additional 736,224 shares during the period. Orbis Allan Gray Ltd increased its position in XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after purchasing an additional 499,220 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after buying an additional 261,935 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 0.8%

Shares of XPO stock opened at $209.59 on Thursday. XPO has a 1 year low of $116.68 and a 1 year high of $232.05. The company has a 50-day moving average of $208.73 and a 200 day moving average of $193.06. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 71.78, a PEG ratio of 2.39 and a beta of 1.85. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, sell-side analysts anticipate that XPO will post 4.9 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.