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

Shares of XPO, Inc. (NYSE:XPO) have earned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Nineteen equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $139.89.

Several research firms have issued reports on XPO. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays decreased their price target on shares of XPO from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group dropped their price objective on XPO from $170.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 target price for the company. Finally, Raymond James dropped their price target on XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th.

Insider Activity

In other news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The stock was acquired 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 directly owns 21,106 shares of the company’s stock, 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. Company insiders own 2.00% of the company’s stock.

Institutional Trading of XPO

Several large investors have recently made changes to their positions in XPO. Orion Portfolio Solutions LLC boosted its stake in XPO by 21.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,114 shares of the transportation company’s stock worth $335,000 after purchasing an additional 544 shares during the last quarter. MML Investors Services LLC boosted its position in XPO by 8.9% during the third quarter. MML Investors Services LLC now owns 2,159 shares of the transportation company’s stock worth $232,000 after acquiring an additional 176 shares during the last quarter. M&T Bank Corp grew its stake in XPO by 3.5% during the 3rd quarter. M&T Bank Corp now owns 5,421 shares of the transportation company’s stock valued at $583,000 after acquiring an additional 185 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 107 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in XPO in the 3rd quarter valued at about $145,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Price Performance

Shares of XPO stock opened at $97.38 on Tuesday. The stock has a 50 day moving average price of $116.30 and a 200 day moving average price of $128.68. XPO has a 52-week low of $85.06 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $11.47 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, sell-side analysts predict that XPO will post 4.15 earnings per share for the current year.

XPO declared that its board has initiated a stock buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is 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.