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

XPO, Inc. (NYSE:XPO) has earned a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, sixteen have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $219.5714.

XPO has been the topic of a number of research analyst reports. Citigroup initiated coverage on XPO in a report on Wednesday. They issued a “market perform” rating on the stock. UBS Group boosted their target price on shares of XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price target on shares of XPO in a report on Thursday, April 30th. Susquehanna boosted their price objective on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley set a $105.00 price objective on XPO and gave the company an “underweight” rating in a report on Friday, May 1st.

Insider Buying and Selling at XPO

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

Institutional Trading of XPO

Institutional investors have recently added to or reduced their stakes in the stock. E. Ohman J or Asset Management AB acquired a new stake in XPO during the 2nd quarter valued at approximately $1,170,000. Handelsbanken Fonder AB lifted its position in shares of XPO by 0.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 37,300 shares of the transportation company’s stock worth $7,657,000 after purchasing an additional 300 shares during the period. City Holding Co. boosted its stake in shares of XPO by 4.0% in the 2nd quarter. City Holding Co. now owns 7,090 shares of the transportation company’s stock valued at $1,455,000 after purchasing an additional 275 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of XPO by 37.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 18,820 shares of the transportation company’s stock worth $3,864,000 after buying an additional 5,100 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of XPO during the second quarter worth $1,518,000. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

Shares of XPO stock opened at $204.79 on Thursday. The company has a 50 day moving average of $208.63 and a 200-day moving average of $193.99. XPO has a 1-year low of $116.68 and a 1-year high of $232.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a market cap of $24.04 billion, a PE ratio of 70.13, a price-to-earnings-growth ratio of 2.42 and a beta of 1.85.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm posted $0.73 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that XPO will post 4.9 earnings per share for the current fiscal 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.