XPO, Inc. (NYSE:XPO) Receives Average Rating of "Buy" from Analysts

XPO, Inc. (NYSE:XPO - Get Free Report) has received a consensus recommendation of "Buy" from the nineteen research firms that are covering the company, Marketbeat reports. Nineteen equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $134.11.

XPO has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Truist Financial dropped their target price on XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Raymond James reduced their price target on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Thursday, March 6th.

Insider Transactions at XPO

In related news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.90% of the company's stock.

Hedge Funds Weigh In On XPO

Several large investors have recently added to or reduced their stakes in the business. SouthState Corp acquired a new position in shares of XPO during the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in XPO during the fourth quarter worth approximately $42,000. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

Shares of XPO stock traded up $1.75 during midday trading on Wednesday, hitting $116.68. The company had a trading volume of 1,786,499 shares, compared to its average volume of 1,792,201. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 1.79 and a beta of 1.96. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company's 50 day simple moving average is $107.92 and its 200 day simple moving average is $125.37. XPO has a 52-week low of $85.06 and a 52-week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. XPO's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Research analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

XPO announced that its board has approved a stock repurchase plan on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.