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

XPO, Inc. (NYSE:XPO) has received an average rating of “Moderate Buy” from the twenty-three research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $149.6667.

XPO has been the subject of a number of analyst reports. Bank of America boosted their price target on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research note on Wednesday, October 8th. Evercore ISI raised their target price on XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Truist Financial set a $145.00 price objective on XPO in a research note on Tuesday, October 14th. Finally, TD Cowen lifted their price target on shares of XPO from $131.00 to $141.00 and gave the company a “buy” rating in a report on Friday, October 31st.

Institutional Investors Weigh In On XPO

Institutional investors have recently added to or reduced their stakes in the business. Forge First Asset Management Inc. bought a new position in shares of XPO in the second quarter worth approximately $6,079,000. Hawk Ridge Capital Management LP lifted its holdings in XPO by 15.8% in the first quarter. Hawk Ridge Capital Management LP now owns 289,588 shares of the transportation company’s stock worth $31,154,000 after buying an additional 39,500 shares during the period. BNP Paribas Financial Markets boosted its position in shares of XPO by 854.2% during the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after purchasing an additional 493,736 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of XPO in the 1st quarter worth about $445,000. Finally, Avior Wealth Management LLC bought a new position in shares of XPO during the second quarter valued at approximately $941,000. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

Shares of XPO stock opened at $138.55 on Friday. XPO has a twelve month low of $85.06 and a twelve month high of $155.08. The company has a 50-day simple moving average of $136.60 and a two-hundred day simple moving average of $131.23. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 49.84, a price-to-earnings-growth ratio of 2.76 and a beta of 2.03. 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 (NYSE:XPO) last released its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. Analysts forecast that XPO will post 4.15 EPS 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.