XPO, Inc. (NYSE:XPO) Receives $143.13 Average Price Target from Brokerages

XPO, Inc. (NYSE:XPO) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $147.31.

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their target price on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Susquehanna boosted their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. upped their target price on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Benchmark reiterated a “buy” rating and set a $140.00 price target on shares of XPO in a research report on Thursday, September 19th. Finally, TD Cowen upped their price target on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

XPO Price Performance

Shares of NYSE XPO opened at $156.30 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $18.19 billion, a PE ratio of 50.58, a P/E/G ratio of 2.37 and a beta of 2.08. The stock has a fifty day moving average price of $136.67 and a 200 day moving average price of $119.46. XPO has a 1-year low of $80.26 and a 1-year high of $159.43.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Sell-side analysts forecast that XPO will post 3.62 EPS for the current year.

Institutional Investors Weigh In On XPO

Hedge funds have recently modified their holdings of the company. Tidal Investments LLC lifted its stake in shares of XPO by 472.0% during the third quarter. Tidal Investments LLC now owns 14,101 shares of the transportation company’s stock valued at $1,516,000 after buying an additional 11,636 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in XPO in the 3rd quarter valued at $108,000. Sanctuary Advisors LLC purchased a new position in shares of XPO during the 3rd quarter worth $145,000. Neo Ivy Capital Management acquired a new stake in shares of XPO during the third quarter worth $534,000. Finally, Coldstream Capital Management Inc. grew its position in shares of XPO by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 107 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

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.