XPO, Inc. (NYSE:XPO) Receives $211.24 Average Target Price from Brokerages

Shares of XPO, Inc. (NYSE:XPO) have earned an average rating of “Moderate Buy” from the twenty-four research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $211.2381.

Several research firms have recently weighed in on XPO. Jefferies Financial Group lifted their price target on shares of XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Stifel Nicolaus set a $237.00 price target on shares of XPO in a research note on Friday, May 1st. Benchmark lifted their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. UBS Group set a $210.00 price objective on shares of XPO and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Zacks Research raised shares of XPO from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th.

Hedge Funds Weigh In On XPO

Several institutional investors have recently bought and sold shares of the business. Groupama Asset Managment increased its holdings in XPO by 0.7% during the first quarter. Groupama Asset Managment now owns 653,083 shares of the transportation company’s stock valued at $127,057,000 after buying an additional 4,607 shares during the period. CTC Alternative Strategies Ltd. purchased a new position in XPO during the first quarter valued at approximately $681,000. Bank of America Corp DE grew its holdings in XPO by 4.9% in the first quarter. Bank of America Corp DE now owns 447,301 shares of the transportation company’s stock worth $87,022,000 after purchasing an additional 21,064 shares during the last quarter. Janus Henderson Group PLC grew its holdings in XPO by 2.9% in the first quarter. Janus Henderson Group PLC now owns 53,213 shares of the transportation company’s stock worth $10,364,000 after purchasing an additional 1,511 shares during the last quarter. Finally, South Dakota Investment Council grew its holdings in XPO by 13.4% in the first quarter. South Dakota Investment Council now owns 13,506 shares of the transportation company’s stock worth $2,628,000 after purchasing an additional 1,600 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

XPO stock opened at $202.86 on Wednesday. The company has a 50 day moving average price of $204.10 and a 200-day moving average price of $174.76. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. XPO has a fifty-two week low of $110.78 and a fifty-two week high of $231.46. The company has a market capitalization of $23.82 billion, a PE ratio of 69.47, a P/E/G ratio of 2.38 and a beta of 1.87.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that XPO will post 4.84 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.