XPO, Inc. (NYSE:XPO) Receives Average Recommendation of "Moderate Buy" from Brokerages

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 analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and nineteen have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $138.00.

A number of analysts have recently weighed in on XPO shares. Oppenheimer increased their price objective on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. Jefferies Financial Group reaffirmed a "buy" rating and set a $140.00 target price (up from $135.00) on shares of XPO in a report on Tuesday, June 10th. Bank of America raised their price target on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Barclays raised their price target on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th.

XPO Trading Up 3.2%

Shares of XPO stock opened at $134.45 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. XPO has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 2.52 and a beta of 1.96. The firm's 50 day simple moving average is $129.52 and its two-hundred day simple moving average is $118.34.

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

Hedge Funds Weigh In On XPO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Cetera Investment Advisers lifted its position in shares of XPO by 14.2% in the fourth quarter. Cetera Investment Advisers now owns 10,284 shares of the transportation company's stock valued at $1,349,000 after acquiring an additional 1,280 shares in the last quarter. Focus Partners Wealth lifted its position in shares of XPO by 17.5% in the fourth quarter. Focus Partners Wealth now owns 2,461 shares of the transportation company's stock valued at $323,000 after acquiring an additional 366 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of XPO in the fourth quarter valued at approximately $2,026,000. Man Group plc purchased a new position in shares of XPO in the fourth quarter valued at approximately $3,204,000. Finally, Quantinno Capital Management LP lifted its position in shares of XPO by 28.0% in the fourth quarter. Quantinno Capital Management LP now owns 6,373 shares of the transportation company's stock valued at $836,000 after acquiring an additional 1,394 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Company Profile

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.

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