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

Shares of XPO, Inc. (NYSE:XPO) have been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, 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 1 year price target among brokers that have covered the stock in the last year is $130.41.

XPO has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Stephens reaffirmed an “overweight” rating and set a $150.00 price objective on shares of XPO in a report on Thursday, September 5th. JPMorgan Chase & Co. reduced their target price on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. The Goldman Sachs Group lowered their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Citigroup started coverage on shares of XPO in a research note on Wednesday, October 9th. They issued a “buy” rating and a $127.00 price objective for the company.

XPO Price Performance

Shares of NYSE XPO opened at $109.71 on Tuesday. 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 stock has a market cap of $12.77 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.85 and a beta of 2.10. The stock has a 50 day moving average of $112.64 and a two-hundred day moving average of $111.48. XPO has a twelve month low of $65.80 and a twelve month high of $130.51.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, research analysts forecast that XPO will post 3.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Perennial Investment Advisors LLC lifted its position in XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after acquiring an additional 103 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of XPO by 9.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares in the last quarter. Resources Management Corp CT ADV boosted its stake in shares of XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after purchasing an additional 145 shares during the period. Mystic Asset Management Inc. grew its holdings in XPO by 1.7% during the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after purchasing an additional 150 shares in the last quarter. Finally, US Bancorp DE increased its stake in XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after buying an additional 154 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.