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

Shares of XPO, Inc. (NYSE:XPO) have earned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seventeen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $220.3333.

XPO has been the subject of a number of recent analyst reports. Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased their price objective on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. TD Cowen raised their price objective on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $237.00 price target on shares of XPO in a report on Friday, May 1st. Finally, UBS Group upped their target price on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Capital World Investors lifted its position in XPO by 7.3% during 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 during the period. Invesco Ltd. grew its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP grew its position in shares of XPO by 20.5% in the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after purchasing an additional 736,224 shares during the period. Orbis Allan Gray Ltd increased its stake in XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after purchasing an additional 261,935 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 0.9%

Shares of XPO stock opened at $204.54 on Thursday. The company has a market cap of $24.02 billion, a PE ratio of 70.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.85. The stock’s 50 day simple moving average is $209.40 and its two-hundred day simple moving average is $191.61. XPO has a 1 year low of $116.68 and a 1 year high of $232.05. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. XPO’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts predict that XPO will post 4.9 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.