XPO, Inc. (NYSE:XPO) Receives $158.47 Consensus Price Target from Analysts

Shares of XPO, Inc. (NYSE:XPO) have earned an average recommendation of “Buy” from the nineteen analysts that are presently covering the firm, Marketbeat reports. Nineteen investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $158.47.

Several research firms have recently commented on XPO. Barclays reduced their target price on shares of XPO from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Bank of America reduced their target price on shares of XPO from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company reduced 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. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and raised their price objective for the company from $155.00 to $180.00 in a research note on Friday, February 7th. Finally, Stephens reiterated an “overweight” rating and issued a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th.

XPO Trading Up 0.5 %

Shares of XPO stock opened at $108.49 on Friday. XPO has a 1 year low of $97.03 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $12.72 billion, a P/E ratio of 33.59, a PEG ratio of 1.79 and a beta of 2.13. The company’s fifty day moving average is $128.54 and its two-hundred day moving average is $129.64.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts forecast that XPO will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors grew its holdings in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after buying an additional 2,125,686 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after buying an additional 79,393 shares in the last quarter. Capital World Investors grew its holdings in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after buying an additional 1,605,001 shares in the last quarter. D1 Capital Partners L.P. grew its holdings in shares of XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after buying an additional 37,486 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

About XPO

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.