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

Shares of XPO, Inc. (NYSE:XPO) have been assigned an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $149.6667.

Several analysts have recently commented on XPO shares. Evercore ISI increased their price target on shares of XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Susquehanna reiterated a “positive” rating and set a $162.00 target price on shares of XPO in a report on Friday, October 31st. Oppenheimer set a $154.00 price target on XPO and gave the stock an “outperform” rating in a report on Friday, October 31st. Citigroup upped their price objective on XPO from $159.00 to $164.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on XPO from $166.00 to $163.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bayforest Capital Ltd boosted its position in XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of XPO during the 2nd quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of XPO during the third quarter worth $32,000. Horizon Investments LLC purchased a new stake in shares of XPO in the third quarter valued at $39,000. Finally, FNY Investment Advisers LLC acquired a new position in XPO in the second quarter valued at $42,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 0.8%

Shares of XPO stock opened at $141.21 on Friday. The stock has a market cap of $16.58 billion, a P/E ratio of 50.80, a P/E/G ratio of 2.81 and a beta of 2.03. 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 has a fifty-two week low of $85.06 and a fifty-two week high of $155.08. The business has a fifty day simple moving average of $137.52 and a 200-day simple moving average of $131.80.

XPO (NYSE:XPO) last released its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. The business had revenue of ($2,243.00) million for the quarter. On average, analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

XPO Company Profile

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.