XPO, Inc. (NYSE:XPO) Stock Has Consensus Price Target of $221.45 According to Brokerages

XPO, Inc. (NYSE:XPO) has been given an average recommendation of “Moderate Buy” by the twenty-six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, nineteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $221.45.

Several research analysts recently issued reports on XPO shares. TD Cowen raised their target price on XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Raymond James Financial reiterated an “outperform” rating and issued a $210.00 price target on shares of XPO in a research report on Friday, October 30th. Oppenheimer increased their price target on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Stifel Nicolaus set a $235.00 price objective on XPO in a research report on Friday, October 30th. Finally, Sanford C. Bernstein started coverage on XPO in a research note on Thursday, September 10th. They issued an “outperform” rating and a $244.00 price objective on the stock.

XPO Stock Up 2.1%

XPO stock opened at $192.54 on Wednesday. The firm has a 50-day moving average price of $183.08 and a 200-day moving average price of $198.06. XPO has a 12 month low of $124.82 and a 12 month high of $232.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $22.43 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.58 by $0.12. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. XPO had a net margin of 5.69% and a return on equity of 32.80%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, equities research analysts anticipate that XPO will post 5.77 EPS for the current fiscal year.

Insider Activity

In other XPO news, COO David J. Bates sold 2,615 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $194.08, for a total transaction of $507,519.20. Following the sale, the chief operating officer owned 59,505 shares of the company’s stock, valued at approximately $11,548,730.40. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $191.62, for a total value of $143,715.00. Following the sale, the chief financial officer owned 47,216 shares in the company, valued at approximately $9,047,529.92. The trade was a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,845 shares of company stock valued at $2,182,498. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in XPO. BlackRock Inc. bought a new position in shares of XPO during the 2nd quarter worth about $2,985,276,000. MFN Partners Management LP bought a new stake in shares of XPO during the second quarter valued at approximately $2,026,148,865. Bessemer Group Inc. lifted its holdings in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after purchasing an additional 1,299,480 shares in the last quarter. Findlay Park Partners LLP acquired a new stake in XPO in the 2nd quarter valued at $236,104,000. Finally, Bank of New York Mellon Corp acquired a new stake in XPO in the 2nd quarter valued at $151,798,000. 97.73% of the stock is owned by institutional investors and hedge funds.

About XPO

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.