XPO, Inc. (NYSE:XPO) Receives $130.41 Average Target Price from Analysts

XPO, Inc. (NYSE:XPO) has been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $130.41.

Several analysts have recently weighed in on the company. TD Cowen lowered their target price on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Bank of America lowered their price objective on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Citigroup started coverage on XPO in a report on Wednesday, October 9th. They set a “buy” rating and a $127.00 price objective on the stock. Evercore ISI decreased their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, Susquehanna lifted their price target on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th.

Hedge Funds Weigh In On XPO

Several institutional investors have recently made changes to their positions in XPO. D1 Capital Partners L.P. bought a new stake in shares of XPO in the 2nd quarter worth approximately $271,532,000. Capital Research Global Investors lifted its stake 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 last quarter. Clearbridge Investments LLC boosted its holdings in shares of XPO by 33.4% during the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after acquiring an additional 560,079 shares during the period. Interval Partners LP boosted its holdings in shares of XPO by 48,850.0% during the first quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock valued at $23,796,000 after acquiring an additional 195,400 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of XPO during the second quarter worth about $16,540,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

XPO stock opened at $112.01 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO has a one year low of $65.80 and a one year high of $130.51. The stock’s 50 day moving average price is $112.41 and its 200 day moving average price is $111.35. The firm has a market capitalization of $13.04 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10.

XPO (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating 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 business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that XPO will post 3.52 EPS for the current fiscal year.

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.