XPO, Inc. (NYSE:XPO – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $225.82.
A number of equities research analysts recently issued reports on XPO shares. Citigroup dropped their target price on XPO from $221.00 to $220.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 8th. Weiss Ratings lowered shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Susquehanna increased their target price on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Sanford C. Bernstein began coverage on shares of XPO in a research report on Thursday, September 10th. They issued an “outperform” rating and a $244.00 target price for the company. Finally, Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th.
Check Out Our Latest Analysis on XPO
XPO Price Performance
XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. Equities analysts forecast that XPO will post 5.42 EPS for the current fiscal year.
Insider Activity at XPO
In related news, CAO Christopher Brown sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David J. Bates sold 2,615 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were 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 approximately $11,614,106.35. This represents a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 8,365 shares of company stock valued at $1,612,085. 0.87% of the stock is owned by insiders.
Hedge Funds Weigh In On XPO
Several hedge funds and other institutional investors have recently made changes to their positions in XPO. Parallel Advisors LLC raised its holdings in shares of XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 49 shares during the period. V Square Quantitative Management LLC increased its position in XPO by 19.1% during the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after buying an additional 60 shares during the last quarter. Root Financial Partners LLC raised its stake in XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after buying an additional 63 shares during the period. Allworth Financial LP raised its stake in XPO by 10.1% in the fourth quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $110,000 after buying an additional 74 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in shares of XPO by 2.3% in the first quarter. Resonant Capital Advisors LLC now owns 4,193 shares of the transportation company’s stock valued at $816,000 after buying an additional 96 shares during the last quarter. 97.73% of the stock is owned by institutional investors.
XPO Company Profile
XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.
In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.
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