XPO, Inc. (NYSE:XPO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of XPO, Inc. (NYSE:XPO) have earned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $152.2857.

A number of research analysts have recently weighed in on the company. Wolfe Research lowered XPO from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research report on Wednesday, October 8th. Bank of America raised their price target on shares of XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Raymond James Financial lifted their price objective on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Truist Financial set a $145.00 price objective on shares of XPO in a research note on Tuesday, October 14th.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently modified their holdings of the stock. Bayforest Capital Ltd boosted its holdings in XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of XPO in the second quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of XPO during the third quarter worth approximately $32,000. Horizon Investments LLC acquired a new position in XPO in the 3rd quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 2.0%

NYSE XPO opened at $150.13 on Thursday. XPO has a 12-month low of $85.06 and a 12-month high of $155.08. The company has a fifty day simple moving average of $140.50 and a two-hundred day simple moving average of $133.88. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77. The stock has a market cap of $17.62 billion, a P/E ratio of 54.00, a P/E/G ratio of 2.59 and a beta of 2.02.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. XPO had a net margin of 4.13% and a return on equity of 26.14%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. On average, analysts forecast that XPO will post 4.15 earnings per share for the current year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.