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

Shares of XPO, Inc. (NYSE:XPO) have been assigned a consensus recommendation of “Buy” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Nineteen analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $134.11.

A number of equities research analysts recently commented on XPO shares. Oppenheimer dropped their price objective on shares of XPO from $142.00 to $126.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Bank of America raised their price objective on shares of XPO from $119.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 16th. UBS Group increased their price objective on XPO from $108.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Raymond James decreased their price objective on XPO from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price objective on XPO from $130.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, May 1st.

XPO Price Performance

Shares of XPO opened at $115.20 on Wednesday. The stock has a 50 day simple moving average of $107.77 and a 200 day simple moving average of $125.44. XPO has a 52-week low of $85.06 and a 52-week 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 firm has a market capitalization of $13.57 billion, a PE ratio of 35.66, a P/E/G ratio of 1.79 and a beta of 1.96.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts predict that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has approved a share repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. The trade was a 9.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SouthState Corp bought a new position in shares of XPO during the 1st quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock worth $26,000 after buying an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO during the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its holdings in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after buying an additional 130 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares during the period. 97.73% of the stock is currently owned by institutional investors.

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.