XPO, Inc. (NYSE:XPO) Receives $141.00 Average Target Price from Analysts

XPO, Inc. (NYSE:XPO - Get Free Report) has received a consensus rating of "Moderate Buy" from the nineteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $141.16.

Several equities analysts have weighed in on XPO shares. Jefferies Financial Group restated 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. JPMorgan Chase & Co. increased their price target on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their target price on shares of XPO from $116.00 to $144.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Evercore ISI boosted their price target on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Barclays boosted their price target on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th.

XPO Stock Up 1.8%

Shares of XPO stock traded up $2.42 during trading hours on Thursday, hitting $138.11. 1,352,534 shares of the company's stock traded hands, compared to its average volume of 1,631,036. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. XPO has a 12-month low of $85.06 and a 12-month high of $161.00. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 2.59 and a beta of 1.93. The stock's fifty day simple moving average is $124.62 and its two-hundred day simple moving average is $120.62.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. On average, analysts expect that XPO will post 4.15 EPS for the current year.

XPO declared that its board has authorized a share buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of XPO

Several hedge funds have recently made changes to their positions in the stock. Argent Trust Co raised its stake in XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after buying an additional 75 shares during the period. GAMMA Investing LLC boosted its holdings in XPO by 4.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company's stock valued at $235,000 after purchasing an additional 78 shares during the period. Scientech Research LLC increased its position in shares of XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after acquiring an additional 84 shares during the period. SageView Advisory Group LLC lifted its position in XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after purchasing an additional 96 shares during the period. Finally, Utah Retirement Systems lifted its position in XPO by 1.6% during the fourth quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock valued at $812,000 after purchasing an additional 100 shares during the last quarter. 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.