Brokerages Set XPO, Inc. (NYSE:XPO) Price Target at $138.00

Key Points

• XPO, Inc. has received a consensus recommendation of "Moderate Buy" from 20 analysts, with one sell rating and 19 buy ratings.
• The average 12-month price target for XPO among brokers is $138.00, with Oppenheimer and Bank of America setting their targets at $150.00.
• XPO's recent quarterly earnings report showed an EPS of $1.05, exceeding estimates, and a revenue of $2.08 billion, marking a slight increase from the previous year's quarter.

Shares of XPO, Inc. (NYSE:XPO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and nineteen have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $138.00.

XPO has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on XPO from $145.00 to $136.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Truist Financial lifted their price target on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Bank of America raised their price objective on XPO from $139.00 to $150.00 and gave the company a "buy" rating in a report on Monday, July 7th. Barclays raised their price objective on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Susquehanna raised their price objective on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a report on Wednesday, June 18th.

XPO Stock Performance

Shares of XPO stock traded down $5.55 during mid-day trading on Friday, reaching $129.85. The stock had a trading volume of 1,798,420 shares, compared to its average volume of 1,065,517. The business's fifty day moving average is $129.58 and its 200-day moving average is $118.63. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 2.61 and a beta of 1.96. XPO has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 earnings per share. On average, research analysts forecast that XPO will post 4.15 earnings per share for the current year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 3,250 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XPO

Several hedge funds and other institutional investors have recently made changes to their positions in XPO. Invesco Ltd. lifted its position in shares of XPO by 306.9% in the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company's stock valued at $660,679,000 after acquiring an additional 3,945,683 shares in the last quarter. Durable Capital Partners LP lifted its position in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company's stock valued at $454,020,000 after acquiring an additional 1,589,759 shares in the last quarter. Norges Bank purchased a new position in shares of XPO in the second quarter valued at approximately $168,840,000. Cooke & Bieler LP purchased a new position in shares of XPO in the second quarter valued at approximately $108,218,000. Finally, BNP Paribas Financial Markets lifted its position in shares of XPO by 854.2% in the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock valued at $59,335,000 after acquiring an additional 493,736 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.