XPO, Inc. (NYSE:XPO) Receives Consensus Recommendation of “Buy” from Brokerages

XPO, Inc. (NYSE:XPO) has been given a consensus rating of “Buy” by the nineteen brokerages that are covering the company, MarketBeat Ratings reports. Nineteen equities research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have covered the stock in the last year is $134.11.

Several equities research analysts recently weighed in on XPO shares. Oppenheimer reduced their target price on shares of XPO from $142.00 to $126.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Evercore ISI raised their price target on shares of XPO from $115.00 to $116.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Citigroup cut their price target 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. Stephens restated an “overweight” rating and set a $131.00 price target on shares of XPO in a research note on Thursday. Finally, UBS Group raised their price target on shares of XPO from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, the chief operating officer now owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. The trade was a 9.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On XPO

Large investors have recently modified their holdings of the business. Capital Research Global Investors raised its stake in XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after buying an additional 2,125,686 shares during the last quarter. Vanguard Group Inc. raised its stake in XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after buying an additional 79,393 shares during the last quarter. Capital World Investors raised its stake in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after buying an additional 1,605,001 shares during the last quarter. FMR LLC raised its stake in XPO by 3.6% during the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company’s stock worth $341,812,000 after buying an additional 91,252 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after buying an additional 306,928 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Trading Up 1.6%

XPO stock opened at $118.55 on Wednesday. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 1.79 and a beta of 1.92. The company’s fifty day moving average price is $108.29 and its two-hundred day moving average price is $124.67. XPO has a one year low of $85.06 and a one year 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.

XPO (NYSE:XPO) last issued 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 company had revenue of $1.95 billion for 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 revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. On average, analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.