XPO, Inc. (NYSE:XPO) Receives $133.68 Average PT from Analysts

XPO, Inc. (NYSE:XPO) has earned a consensus rating of “Buy” from the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Nineteen investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $133.68.

A number of analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of XPO from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Oppenheimer dropped their price target on XPO from $142.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Raymond James decreased their price objective on shares of XPO from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a report on Friday, March 7th. They issued a “buy” rating and a $156.00 price target on the stock. Finally, Citigroup reduced their target price on shares of XPO from $148.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th.

XPO Stock Performance

XPO stock opened at $126.72 on Friday. The company has a market cap of $14.93 billion, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 1.79 and a beta of 1.96. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $104.22 and its 200-day moving average is $127.61.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a return on equity of 30.36% and a net margin of 4.81%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Equities analysts anticipate that XPO will post 4.15 earnings per share for the current year.

XPO declared that its board has approved a stock buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On XPO

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SouthState Corp bought a new position in XPO during the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after buying an additional 113 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its stake in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.