XPO, Inc. (NYSE:XPO) Receives Consensus Recommendation of “Moderate Buy” from Analysts
Shares of XPO, Inc. (NYSE:XPO – Get Free Report) have been given an average rating of “Moderate Buy” by the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $80.57.
A number of analysts recently weighed in on XPO shares. Stephens raised their price target on shares of XPO from $80.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. BMO Capital Markets lifted their target price on shares of XPO from $87.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Barclays lifted their target price on shares of XPO from $80.00 to $85.00 in a report on Wednesday, October 4th. Oppenheimer lifted their target price on shares of XPO from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Finally, Morgan Stanley lifted their target price on shares of XPO from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st.
View Our Latest Stock Report on XPO
Insider Activity at XPO
In related news, Director J Wes Frye acquired 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $79.71 per share, with a total value of $119,565.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $239,130. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On XPO
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flputnam Investment Management Co. increased its stake in XPO by 1.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock valued at $580,000 after buying an additional 145 shares during the last quarter. US Bancorp DE increased its stake in XPO by 1.2% in the 2nd quarter. US Bancorp DE now owns 13,743 shares of the transportation company’s stock valued at $811,000 after buying an additional 159 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in XPO by 1.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock valued at $1,046,000 after buying an additional 160 shares during the last quarter. M&T Bank Corp increased its stake in XPO by 3.1% in the 3rd quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock valued at $408,000 after buying an additional 165 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in XPO by 3.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 4,536 shares of the transportation company’s stock valued at $339,000 after buying an additional 168 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.
XPO Stock Performance
Shares of XPO stock opened at $90.35 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $10.48 billion, a P/E ratio of 291.45, a P/E/G ratio of 2.56 and a beta of 2.13. The firm has a 50 day simple moving average of $78.91 and a 200 day simple moving average of $67.93. XPO has a fifty-two week low of $29.02 and a fifty-two week high of $90.78.
XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings results on Monday, October 30th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. XPO had a net margin of 0.48% and a return on equity of 33.40%. XPO’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. Sell-side analysts predict that XPO will post 2.8 earnings per share for the current fiscal year.
About XPO (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.
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