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

XPO, Inc. (NYSE:XPO) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and fifteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $141.13.

A number of brokerages have weighed in on XPO. The Goldman Sachs Group dropped their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Bank of America dropped their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Citigroup increased their price objective on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI dropped their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently modified their holdings of XPO. Traynor Capital Management Inc. grew its stake in shares of XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after acquiring an additional 13,422 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of XPO by 38.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock valued at $21,782,000 after purchasing an additional 57,192 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of XPO by 595.5% in the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock valued at $2,718,000 after purchasing an additional 21,889 shares in the last quarter. Comerica Bank boosted its stake in shares of XPO by 10.8% in the 1st quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock valued at $6,654,000 after purchasing an additional 5,336 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of XPO by 46.2% in the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock valued at $5,308,000 after buying an additional 15,795 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Trading Down 2.1 %

NYSE XPO opened at $145.78 on Friday. XPO has a 12 month low of $78.72 and a 12 month high of $156.85. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 2.34 and a beta of 2.07. The company’s fifty day moving average price is $118.66 and its two-hundred day moving average price is $113.24.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. As a group, research analysts predict that XPO will post 3.62 earnings per share for the current fiscal 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.