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

by · The Cerbat Gem

Shares of XPO, Inc. (NYSE:XPO – Get Free Report) have been given an average rating of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $130.24.

Several research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Raymond James decreased their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Stifel Nicolaus lifted their price objective on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Susquehanna lifted their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Finally, Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday.

Read Our Latest Research Report on XPO

XPO Trading Down 1.4 %

Shares of XPO stock opened at $105.95 on Friday. The firm has a 50 day moving average price of $112.67 and a two-hundred day moving average price of $112.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $12.33 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 1.80 and a beta of 2.10. XPO has a 12-month low of $65.80 and a 12-month high of $130.51.

XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, analysts predict that XPO will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On XPO

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of XPO by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after purchasing an additional 128,214 shares during the period. Capital Research Global Investors lifted its holdings in XPO by 9.8% in the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after buying an additional 912,544 shares during the period. Capital World Investors lifted its holdings in XPO by 3.3% in the first quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock valued at $548,170,000 after buying an additional 142,908 shares during the period. D1 Capital Partners L.P. acquired a new position in XPO in the second quarter valued at $271,532,000. Finally, Clearbridge Investments LLC lifted its holdings in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after buying an additional 253,519 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Company Profile

(Get Free Report

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.

See Also