XPO, Inc. (NYSE:XPO) Stock Has Average Target Price of $221.45

Key Points

• Analysts broadly favor XPO: The stock has a “Moderate Buy” consensus from 26 firms, with an average 12-month price target of $221.45. Nineteen analysts rate it buy and two rate it strong buy.
• Quarterly earnings beat estimates: XPO reported EPS of $1.70 versus the $1.58 consensus, while revenue of $2.37 billion fell slightly short of estimates but rose 12.4% year over year.
• Insiders have recently sold shares: The CFO and COO sold shares under pre-arranged Rule 10b5-1 plans; insiders sold 10,095 shares worth about $1.85 million over the past 90 days.

Shares of XPO, Inc. (NYSE:XPO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-six research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, nineteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $221.45.

Several research analysts have recently commented on XPO shares. BMO Capital Markets reissued an "outperform" rating on shares of XPO in a report on Wednesday, October 7th. Citizens Jmp started coverage on XPO in a report on Wednesday, July 15th. They set a "market perform" rating for the company. Truist Financial cut their price objective on XPO from $240.00 to $220.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Weiss Ratings downgraded XPO from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Finally, Zacks Research raised XPO from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 30th.

Insiders Place Their Bets

In related news, CFO Kyle Wismans sold 750 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $191.62, for a total transaction of $143,715.00. Following the transaction, the chief financial officer owned 47,216 shares in the company, valued at $9,047,529.92. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of the company's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $194.08, for a total transaction of $507,519.20. Following the transaction, the chief operating officer owned 59,505 shares in the company, valued at approximately $11,548,730.40. This trade represents a 4.21% 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. Over the last 90 days, insiders sold 10,095 shares of company stock valued at $1,851,171. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Private Advisor Group LLC raised its position in XPO by 33.2% in the 3rd quarter. Private Advisor Group LLC now owns 3,488 shares of the transportation company's stock worth $614,000 after purchasing an additional 870 shares during the last quarter. OneAscent Family Office LLC boosted its position in XPO by 8.7% in the 3rd quarter. OneAscent Family Office LLC now owns 1,931 shares of the transportation company's stock valued at $340,000 after buying an additional 154 shares during the last quarter. Legacy Financial Group LLC boosted its position in XPO by 5.5% in the 3rd quarter. Legacy Financial Group LLC now owns 2,275 shares of the transportation company's stock valued at $400,000 after buying an additional 118 shares during the last quarter. Cibc World Market Inc. increased its stake in shares of XPO by 199.0% in the 3rd quarter. Cibc World Market Inc. now owns 5,860 shares of the transportation company's stock valued at $1,031,000 after buying an additional 3,900 shares during the period. Finally, Banco Santander S.A. acquired a new stake in shares of XPO in the 3rd quarter valued at $907,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Performance

XPO stock opened at $188.34 on Wednesday. The firm has a market capitalization of $21.94 billion, a P/E ratio of 44.42, a P/E/G ratio of 1.72 and a beta of 1.87. The stock has a fifty day moving average price of $182.81 and a two-hundred day moving average price of $197.44. XPO has a 52-week low of $124.82 and a 52-week high of $232.05. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.12. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. XPO had a net margin of 5.69% and a return on equity of 32.80%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. As a group, analysts anticipate that XPO will post 5.77 EPS for the current fiscal year.

XPO Company Profile

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.

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