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

XPO, Inc. (NYSE:XPO) has been assigned an average rating of “Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Nineteen analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $133.68.

A number of analysts recently commented on XPO shares. Barclays dropped their price objective on XPO from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. UBS Group lifted their price objective on XPO from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price objective on XPO from $132.00 to $121.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Susquehanna dropped their price objective on XPO from $180.00 to $138.00 and set a “positive” rating for the company in a research report on Monday, March 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 price objective for the company.

XPO Trading Up 1.2%

Shares of XPO stock opened at $127.50 on Friday. The stock has a market cap of $15.02 billion, a P/E ratio of 39.47, a P/E/G ratio of 1.79 and a beta of 1.96. The business has a fifty day simple moving average of $104.91 and a 200-day simple moving average of $127.60. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations 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. On average, analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has authorized a stock repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On XPO

Several hedge funds and other institutional investors have recently modified their holdings of the company. Findlay Park Partners LLP lifted its stake in shares of XPO by 11.6% in the 1st quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company’s stock valued at $169,170,000 after purchasing an additional 163,300 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of XPO by 28.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 211,610 shares of the transportation company’s stock valued at $22,765,000 after purchasing an additional 46,987 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of XPO by 30.4% in the 1st quarter. MetLife Investment Management LLC now owns 92,119 shares of the transportation company’s stock valued at $9,910,000 after purchasing an additional 21,502 shares in the last quarter. Oliver Luxxe Assets LLC lifted its stake in shares of XPO by 7.8% in the 1st quarter. Oliver Luxxe Assets LLC now owns 21,018 shares of the transportation company’s stock valued at $2,261,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its stake in shares of XPO by 39.1% in the 1st quarter. Penn Capital Management Company LLC now owns 2,451 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 689 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

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.