Brokerages Set XPO, Inc. (NYSE:XPO) Target Price at $143.13

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

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Susquehanna lifted their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Evercore ISI decreased their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th.

XPO Trading Down 1.2 %

NYSE:XPO opened at $156.30 on Wednesday. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 2.40 and a beta of 2.08. XPO has a one year low of $80.26 and a one year high of $159.43. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $135.67 and its 200 day simple moving average is $118.97.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. D1 Capital Partners L.P. purchased a new position in shares of XPO during the 2nd quarter valued at $271,532,000. The Manufacturers Life Insurance Company grew its stake in XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares in the last quarter. Holocene Advisors LP increased its position in XPO by 61.2% in the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after purchasing an additional 259,727 shares during the last quarter. Clearbridge Investments LLC grew its position in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of XPO during the 3rd quarter worth $18,071,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

About XPO

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.