XPO, Inc. (NYSE:XPO) Stock Has Consensus Target Price of $222.64 According to Analysts

Shares of XPO, Inc. (NYSE:XPO) have received an average recommendation of “Moderate Buy” from the twenty-six research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $222.64.

XPO has been the subject of a number of recent research reports. Raymond James Financial set a $205.00 price objective on XPO in a research note on Thursday, October 15th. BMO Capital Markets restated an “outperform” rating on shares of XPO in a research note on Wednesday, October 7th. Citizens Jmp assumed coverage on shares of XPO in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Stephens upped their target price on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on XPO from $214.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, October 5th.

Insider Transactions at XPO

In other news, COO David Bates sold 2,615 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the completion of the transaction, the chief operating officer owned 64,735 shares of the company’s stock, valued at $11,614,106.35. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $175.47, for a total value of $131,602.50. Following the sale, the chief financial officer owned 47,966 shares of the company’s stock, valued at $8,416,594.02. This represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,730 shares of company stock valued at $2,208,974 over the last 90 days. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On XPO

Institutional investors have recently bought and sold shares of the stock. Compass Wealth Management LLC bought a new stake in shares of XPO in the 3rd quarter worth about $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of XPO during the 2nd quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new position in XPO during the 2nd quarter valued at about $32,000. Reyes Financial Architecture Inc. bought a new position in XPO during the 3rd quarter valued at about $37,000. Finally, Root Financial Partners LLC raised its position in XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

XPO traded down $5.40 during trading on Friday, hitting $183.35. The company’s stock had a trading volume of 684,425 shares, compared to its average volume of 1,059,841. The business’s 50 day simple moving average is $185.40 and its 200-day simple moving average is $201.38. The firm has a market cap of $21.47 billion, a PE ratio of 54.09, a P/E/G ratio of 1.89 and a beta of 1.85. XPO has a one year low of $121.48 and a one year high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $1.05 EPS. XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, sell-side analysts predict that XPO will post 5.47 EPS for the current fiscal year.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.