XPO, Inc. (NYSE:XPO) Given Average Recommendation of “Moderate Buy” by Brokerages

XPO, Inc. (NYSE:XPO) has been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $211.2381.

A number of brokerages recently issued reports on XPO. Susquehanna downgraded XPO from a “positive” rating to a “neutral” rating and boosted their price target for the company from $160.00 to $210.00 in a report on Wednesday, February 11th. TD Cowen boosted their price target on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a report on Friday, May 1st. UBS Group set a $210.00 price target on XPO and gave the company a “buy” rating in a report on Friday, February 6th. Benchmark boosted their price target on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded XPO from a “hold” rating to a “buy” rating in a report on Saturday, February 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XPO. Durable Capital Partners LP grew its holdings in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank purchased a new position in shares of XPO during the 4th quarter worth approximately $204,304,000. Bessemer Group Inc. grew its holdings in shares of XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after acquiring an additional 1,299,480 shares during the period. Invesco Ltd. grew its holdings in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Finally, Capital World Investors grew its holdings in shares of XPO by 7.3% during the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Down 0.0%

Shares of NYSE:XPO opened at $202.86 on Wednesday. XPO has a 1 year low of $110.78 and a 1 year high of $231.46. The company has a market cap of $23.82 billion, a PE ratio of 69.47, a P/E/G ratio of 2.38 and a beta of 1.87. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50-day moving average is $204.10 and its 200 day moving average is $175.02.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the business earned $0.73 EPS. XPO’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that XPO will post 4.84 EPS for the current year.

XPO Company Profile

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.