XPO, Inc. (NYSE:XPO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of XPO, Inc. (NYSE:XPO) have been assigned an average recommendation of “Moderate Buy” from the twenty-four research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $153.2857.

Several analysts have weighed in on XPO shares. Rothschild & Co Redburn started coverage on shares of XPO in a research note on Wednesday, November 26th. They set a “buy” rating and a $156.00 price objective on the stock. Redburn Partners set a $156.00 target price on XPO in a report on Wednesday, November 26th. Morgan Stanley raised their price target on XPO from $83.00 to $90.00 and gave the company an “underweight” rating in a report on Monday, December 8th. UBS Group lifted their price objective on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Zacks Research cut XPO from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th.

Hedge Funds Weigh In On XPO

Institutional investors have recently modified their holdings of the stock. Capital World Investors increased its holdings in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares in the last quarter. Invesco Ltd. increased its stake in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP boosted its position in shares of XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after purchasing an additional 736,224 shares in the last quarter. Orbis Allan Gray Ltd grew its holdings in shares of XPO by 16.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after buying an additional 452,891 shares during the period. Finally, Norges Bank acquired a new stake in shares of XPO during the second quarter worth about $168,840,000. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 2.9%

Shares of XPO opened at $150.07 on Thursday. The stock’s 50-day moving average price is $141.62 and its 200 day moving average price is $134.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. XPO has a 12-month low of $85.06 and a 12-month high of $155.95. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 53.98, a P/E/G ratio of 2.64 and a beta of 2.02.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. XPO had a return on equity of 26.14% and a net margin of 4.13%.The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company posted $1.02 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts predict that XPO will post 4.15 earnings per share for the current year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.