XPO, Inc. (NYSE:XPO) Stock Has Consensus Target Price of $222.64

XPO, Inc. (NYSE:XPO) has received an average recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $222.64.

Several equities analysts recently commented on XPO shares. Stephens upped their price target on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Bank of America lifted their target price on XPO from $228.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Sanford C. Bernstein initiated coverage on XPO in a report on Thursday, September 10th. They issued an “outperform” rating and a $244.00 target price on the stock. Citigroup upgraded XPO from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $220.00 to $224.00 in a report on Wednesday, October 7th. Finally, Citizens Jmp assumed coverage on XPO in a report on Wednesday, July 15th. They set a “market perform” rating for the company.

XPO Stock Performance

XPO stock opened at $188.51 on Friday. The firm has a market capitalization of $22.07 billion, a P/E ratio of 55.61, a PEG ratio of 1.87 and a beta of 1.85. The stock has a fifty day moving average price of $186.40 and a 200 day moving average price of $201.59. XPO has a 52 week low of $121.48 and a 52 week high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. Equities research analysts anticipate that XPO will post 5.47 earnings per share for the current year.

Insider Activity at XPO

In other XPO news, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $175.47, for a total transaction of $131,602.50. Following the transaction, the chief financial officer owned 47,966 shares in the company, valued at $8,416,594.02. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $179.41, for a total transaction of $469,157.15. Following the completion of the transaction, the chief operating officer owned 64,735 shares in the company, valued at $11,614,106.35. This represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,730 shares of company stock worth $2,208,974. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new stake in shares of XPO in the 2nd quarter worth approximately $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of XPO in the 2nd quarter worth about $32,000. Root Financial Partners LLC increased its holdings in shares of XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after acquiring an additional 63 shares during the period. V Square Quantitative Management LLC grew its position in XPO by 19.1% in the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after purchasing an additional 60 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of XPO by 13.2% during the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after buying an additional 49 shares during the period. 97.73% of the stock is currently owned by institutional investors.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.