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

XPO, Inc. (NYSE:XPO) has been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $139.80.

Several brokerages have issued reports on XPO. UBS Group boosted their target price on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday. Susquehanna increased their target price on XPO from $138.00 to $145.00 and gave the stock a “positive” rating in a research note on Wednesday, June 18th. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup reaffirmed a “buy” rating on shares of XPO in a research note on Wednesday, September 10th. Finally, Truist Financial upped their target price on shares of XPO from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 30th.

Insider Activity

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director owned 5,875 shares of the company’s stock, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On XPO

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of XPO by 4.4% in the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after acquiring an additional 78 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares in the last quarter. Securian Asset Management Inc. raised its holdings in shares of XPO by 1.1% in the 2nd quarter. Securian Asset Management Inc. now owns 9,004 shares of the transportation company’s stock valued at $1,137,000 after purchasing an additional 100 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock worth $44,000 after purchasing an additional 111 shares during the period. Finally, MAI Capital Management boosted its stake in shares of XPO by 23.2% during the second quarter. MAI Capital Management now owns 626 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 3.7%

Shares of XPO opened at $133.20 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The business has a fifty day moving average of $128.84 and a 200 day moving average of $120.52. The company has a market cap of $15.69 billion, a PE ratio of 46.09, a P/E/G ratio of 2.56 and a beta of 1.95. XPO has a 52-week low of $85.06 and a 52-week high of $161.00.

XPO (NYSE:XPO) last released its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. On average, sell-side analysts expect that XPO will post 4.15 EPS for the current 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.