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

Key Points

• XPO has a “Moderate Buy” consensus rating from 25 analysts, with 17 buy and two strong-buy recommendations. The average 12-month price target is $225.86, and several brokerages recently raised their targets, including UBS to $257.
• 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 investors and hedge funds own 97.73% of XPO’s shares, while insiders own 0.87%; the company’s chief accounting officer recently sold 3,750 shares. Shares opened at $191.76, below their 12-month high of $232.05.

XPO, Inc. (NYSE:XPO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-five analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seventeen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $225.8571.

A number of equities research analysts have recently commented on XPO shares. Benchmark raised their price target on XPO from $220.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Bank of America increased their target price on XPO from $244.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 4th. BMO Capital Markets raised their target price on shares of XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a report on Thursday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $208.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, June 8th. Finally, UBS Group lifted their price target on shares of XPO from $236.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th.

Insider Activity at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Elyxium Wealth LLC acquired a new stake in shares of XPO in the 4th quarter valued at about $28,000. Keating Financial Advisory Services Inc. acquired a new position in shares of XPO during the second quarter worth about $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of XPO during the second quarter worth about $32,000. Torren Management LLC bought a new position in shares of XPO during the fourth quarter worth about $37,000. Finally, Horizon Investments LLC bought a new position in shares of XPO during the third quarter worth about $39,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

Shares of XPO stock opened at $191.76 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO has a 12-month low of $121.48 and a 12-month high of $232.05. The firm has a fifty day moving average of $204.21 and a 200-day moving average of $205.47. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 56.57, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $1.05 EPS. The firm's revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts forecast that XPO will post 5.44 earnings per share for the current year.

XPO Company Profile

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.

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