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 research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given 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 objective among brokers that have covered the stock in the last year is $181.5714.

Several brokerages recently commented on XPO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPO in a report on Wednesday, January 21st. Zacks Research upgraded shares of XPO from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Wall Street Zen raised XPO from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Finally, UBS Group set a $210.00 price target on XPO and gave the stock a “buy” rating in a report on Friday, February 6th.

XPO Stock Down 3.9%

XPO stock opened at $206.09 on Friday. XPO has a 1-year low of $85.06 and a 1-year high of $220.50. The business’s 50 day simple moving average is $171.48 and its 200 day simple moving average is $147.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $24.14 billion, a PE ratio of 77.77, a PEG ratio of 2.78 and a beta of 1.94.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that XPO will post 4.15 EPS for the current year.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its stake in XPO by 306.9% in the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after purchasing an additional 3,945,683 shares in the last quarter. Durable Capital Partners LP raised its position in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares in the last quarter. Norges Bank bought a new stake in shares of XPO in the fourth quarter valued at approximately $204,304,000. Bessemer Group Inc. grew its position in XPO by 228,761.0% during the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after buying an additional 1,120,929 shares in the last quarter. Finally, Capital World Investors increased its stake in 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. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.