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

XPO, Inc. (NYSE:XPO) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $151.06.

Several equities analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Oppenheimer increased their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Citigroup increased their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stephens reaffirmed an “overweight” rating and issued a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. Finally, Benchmark increased their target price on XPO from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th.

XPO Price Performance

XPO stock opened at $128.65 on Thursday. The company has a market capitalization of $14.98 billion, a P/E ratio of 41.64, a price-to-earnings-growth ratio of 1.75 and a beta of 2.12. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO has a 52-week low of $92.54 and a 52-week high of $161.00. The business has a 50-day simple moving average of $142.48 and a two-hundred day simple moving average of $127.25.

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. lifted its stake in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares in the last quarter. State Street Corp increased its position in shares of XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after acquiring an additional 37,486 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of XPO by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after purchasing an additional 10,318 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO in the fourth quarter valued at approximately $163,938,000. 97.73% of the stock is owned by hedge funds and other 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.