XPO, Inc. (NYSE:XPO) Stock Has Average Target Price of $222.64

Shares of XPO, Inc. (NYSE:XPO) have been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $222.64.

Several equities research analysts recently issued reports on the stock. Citizens Jmp initiated coverage on shares of XPO in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Bank of America upped their price objective on shares of XPO from $228.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Stephens raised their target price on XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Susquehanna lowered their target price on XPO from $225.00 to $194.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Finally, Weiss Ratings lowered XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th.

Insider Buying and Selling at XPO

In related news, CFO Kyle Wismans sold 750 shares of XPO stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $175.47, for a total value of $131,602.50. Following the completion of the sale, the chief financial officer owned 47,966 shares in the company, valued at approximately $8,416,594.02. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,730 shares of company stock valued at $2,208,974 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of XPO

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Pension Service purchased a new position in XPO during the 2nd quarter valued at about $37,695,000. Renaissance Technologies LLC lifted its position in shares of XPO by 73.3% in the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after purchasing an additional 75,600 shares in the last quarter. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of XPO in the first quarter worth approximately $36,048,000. K.J. Harrison & Partners Inc purchased a new stake in shares of XPO in the second quarter worth approximately $4,927,000. Finally, MFN Partners Management LP acquired a new stake in shares of XPO during the second quarter worth approximately $2,026,148,865. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 0.8%

NYSE:XPO opened at $185.27 on Friday. The business’s 50-day moving average is $187.14 and its two-hundred day moving average is $201.76. The firm has a market capitalization of $21.69 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.87 and a beta of 1.85. XPO has a 12 month low of $121.48 and a 12 month high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01.

XPO (NYSE:XPO) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. Research analysts predict that XPO will post 5.47 earnings per share for the current fiscal year.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.