XPO, Inc. (NYSE:XPO) Receives Average Rating of “Buy” from Analysts

XPO, Inc. (NYSE:XPO) has been assigned a consensus rating of “Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Nineteen research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $134.37.

Several analysts have commented on XPO shares. Jefferies Financial Group reissued a “buy” rating and issued a $140.00 target price (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 target price for the company. Bank of America boosted their target price on shares of XPO from $119.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of XPO from $147.00 to $142.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Truist Financial decreased their price objective on shares of XPO from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 24th.

Hedge Funds Weigh In On XPO

Several large investors have recently bought and sold shares of XPO. Capital Research Global Investors raised its stake in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after buying an additional 2,125,686 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of XPO by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock valued at $1,447,231,000 after buying an additional 79,393 shares in the last quarter. Capital World Investors raised its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after buying an additional 1,605,001 shares in the last quarter. FMR LLC raised its stake in shares of XPO by 3.6% in the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company’s stock valued at $341,812,000 after buying an additional 91,252 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of XPO by 17.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock valued at $223,052,000 after buying an additional 306,928 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

Shares of XPO opened at $127.74 on Friday. The company’s 50 day moving average price is $115.92 and its 200 day moving average price is $121.72. XPO has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a market capitalization of $15.05 billion, a PE ratio of 39.30, a PEG ratio of 2.40 and a beta of 1.92. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. Research analysts expect that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its board has approved a stock buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.