XPO, Inc. (NYSE:XPO) Receives $133.68 Consensus Target Price from Analysts

XPO, Inc. (NYSE:XPO) has been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Nineteen research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $133.68.

A number of research analysts recently issued reports on the company. Stephens set a $131.00 price target on XPO and gave the stock an “overweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. dropped their price target on XPO from $132.00 to $121.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on XPO from $147.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Raymond James lowered their target price on XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lowered their target price on XPO from $150.00 to $131.00 and set a “buy” rating on the stock in a research note on Friday, March 28th.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On XPO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Argent Trust Co increased its position in shares of XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company’s stock valued at $517,000 after buying an additional 75 shares in the last quarter. Larson Financial Group LLC increased its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after buying an additional 76 shares in the last quarter. Scientech Research LLC increased its position in shares of XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock valued at $1,291,000 after buying an additional 84 shares in the last quarter. UMB Bank n.a. increased its position in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares in the last quarter. Finally, SageView Advisory Group LLC increased its position in shares of XPO by 2.1% in the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock valued at $607,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Trading Up 1.2%

XPO opened at $127.50 on Friday. The business’s 50-day simple moving average is $104.91 and its 200-day simple moving average is $127.60. The company has a market cap of $15.02 billion, a P/E ratio of 39.47, a PEG ratio of 1.79 and a beta of 1.96. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm 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 quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. As a group, equities research analysts expect that XPO will post 4.15 EPS for the current fiscal year.

XPO announced that its board has approved a share repurchase plan on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are 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.