XPO, Inc. (NYSE:XPO) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• XPO holds a “Moderate Buy” consensus rating from 26 analysts: 18 rate it a buy, two a strong buy, five hold, and one sell. The average 12-month price target is $225.82, above the reported share price of $174.75.
• XPO exceeded quarterly expectations, reporting adjusted EPS of $1.70 versus the $1.48 consensus and revenue of $2.35 billion versus $2.28 billion expected. Revenue increased 13.2% year over year.
• Institutional ownership remains high at 97.73%, with BlackRock and MFN Partners establishing sizable new positions. Meanwhile, insiders sold 8,365 shares worth approximately $1.61 million over the past three months.

XPO, Inc. (NYSE:XPO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $225.8182.

Several research analysts recently issued reports on XPO shares. Susquehanna increased their price target on shares of XPO from $212.00 to $214.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Evercore upgraded XPO from an "in-line" rating to an "outperform" rating in a research note on Wednesday, July 1st. Citigroup dropped their target price on XPO from $221.00 to $220.00 and set a "neutral" rating for the company in a report on Tuesday, September 8th. BMO Capital Markets raised their target price on XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, June 4th. Finally, UBS Group boosted their price target on XPO from $236.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th.

Insider Buying and Selling at XPO

In related news, CFO Kyle Wismans sold 750 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $178.52, for a total transaction of $133,890.00. Following the completion of the sale, the chief financial officer owned 48,716 shares in the company, valued at $8,696,780.32. This trade represents a 1.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 8,365 shares of company stock valued at $1,612,085. 0.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in XPO during the 2nd quarter worth approximately $2,985,276,000. MFN Partners Management LP acquired a new position in XPO in the second quarter worth $2,026,148,865. Bessemer Group Inc. grew its holdings in shares of XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company's stock worth $470,986,000 after purchasing an additional 1,299,480 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company's stock worth $403,684,000 after purchasing an additional 261,935 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of XPO by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,117,422 shares of the transportation company's stock worth $287,841,000 after purchasing an additional 22,614 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Up 0.3%

XPO opened at $174.75 on Tuesday. The company has a market capitalization of $20.46 billion, a P/E ratio of 51.55, a P/E/G ratio of 1.77 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The firm's fifty day moving average price is $197.26 and its two-hundred day moving average price is $203.11. XPO has a fifty-two week low of $121.48 and a fifty-two week high of $232.05.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. On average, analysts anticipate that XPO will post 5.42 EPS for the current year.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.