XPO, Inc. (NYSE:XPO) Receives $130.41 Average Target Price from Brokerages

XPO, Inc. (NYSE:XPO) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $130.41.

A number of brokerages have weighed in on XPO. Oppenheimer reiterated an “outperform” rating and set a $140.00 target price on shares of XPO in a research report on Friday, October 4th. Susquehanna raised their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Stephens reissued an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Thursday, September 5th. The Goldman Sachs Group cut their price target on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their price objective on XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th.

Institutional Investors Weigh In On XPO

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors increased its holdings in shares of XPO by 9.8% in the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after buying an additional 912,544 shares during the last quarter. Capital World Investors grew its position in XPO by 3.3% in the first quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after acquiring an additional 142,908 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in XPO in the second quarter worth $271,532,000. Clearbridge Investments LLC increased its stake in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in XPO by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after purchasing an additional 130,322 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Trading Up 5.1 %

NYSE:XPO opened at $117.70 on Tuesday. XPO has a 12 month low of $65.80 and a 12 month high of $130.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm’s 50 day moving average is $112.12 and its 200 day moving average is $111.28. The stock has a market capitalization of $13.70 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Sell-side analysts expect that XPO will post 3.52 earnings per share for the current year.

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.