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

XPO, Inc. (NYSE:XPO) has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $151.06.

Several research firms recently weighed in on XPO. TD Cowen raised their target price on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company decreased their target price on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group raised their target price on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Citigroup raised their target price on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

XPO Price Performance

Shares of XPO opened at $136.06 on Thursday. The stock has a market capitalization of $15.84 billion, a P/E ratio of 44.03, a P/E/G ratio of 1.79 and a beta of 2.11. XPO has a twelve month low of $82.78 and a twelve month high of $161.00. The company has a 50 day moving average of $143.25 and a 200-day moving average of $126.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. As a group, equities research analysts forecast that XPO will post 3.58 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently modified their holdings of XPO. Bank of Montreal Can raised its stake in XPO by 14.0% in the second quarter. Bank of Montreal Can now owns 22,572 shares of the transportation company’s stock valued at $2,464,000 after purchasing an additional 2,772 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in XPO by 73.3% in the second quarter. The Manufacturers Life Insurance Company now owns 162,985 shares of the transportation company’s stock valued at $17,301,000 after purchasing an additional 68,963 shares in the last quarter. Mackenzie Financial Corp acquired a new position in XPO in the second quarter valued at about $585,000. NewEdge Advisors LLC raised its stake in XPO by 8.4% in the second quarter. NewEdge Advisors LLC now owns 9,642 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 749 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in XPO by 151.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,748 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Company Profile

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.