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

Shares of XPO, Inc. (NYSE:XPO) have received a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $225.8571.

A number of research analysts have issued reports on XPO shares. BMO Capital Markets lifted their price objective on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Susquehanna boosted their price objective on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Bank of America upped their price objective on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Citizens Jmp started coverage on shares of XPO in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock.

XPO Trading Down 4.7%

NYSE:XPO opened at $184.84 on Friday. The firm has a market capitalization of $21.64 billion, a P/E ratio of 54.53, a PEG ratio of 1.97 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO has a one year low of $121.48 and a one year high of $232.05. The company’s 50-day simple moving average is $203.57 and its 200 day simple moving average is $205.18.

XPO (NYSE:XPO) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business earned $1.05 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. As a group, analysts forecast that XPO will post 5.44 EPS for the current fiscal year.

Insider Buying and Selling at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Trading of XPO

Several large investors have recently added to or reduced their stakes in XPO. California State Teachers Retirement System boosted its position in shares of XPO by 25,005.6% during the 2nd quarter. California State Teachers Retirement System now owns 34,184,070 shares of the transportation company’s stock worth $7,017,648,000 after acquiring an additional 34,047,909 shares in the last quarter. BlackRock Inc. purchased a new position in XPO in the 2nd quarter valued at approximately $2,985,276,000. MFN Partners Management LP acquired a new position in XPO during the second quarter worth $2,026,148,865. Invesco Ltd. raised its holdings in XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Finally, Durable Capital Partners LP boosted its position in XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after purchasing an additional 736,224 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.