Analysts Set XPO, Inc. (NYSE:XPO) Price Target at $149.67

Shares of XPO, Inc. (NYSE:XPO) have earned an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, twenty have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $149.6667.

Several equities research analysts have recently issued reports on XPO shares. Truist Financial set a $145.00 price target on shares of XPO in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lowered their target price on XPO from $166.00 to $163.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. TD Cowen upped their price target on XPO from $131.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Morgan Stanley increased their price target on XPO from $83.00 to $90.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Finally, Susquehanna reissued a “positive” rating and issued a $162.00 price objective on shares of XPO in a report on Friday, October 31st.

XPO Trading Down 0.8%

Shares of XPO stock opened at $140.11 on Friday. The firm has a market cap of $16.45 billion, a PE ratio of 50.40, a P/E/G ratio of 2.81 and a beta of 2.03. XPO has a 1 year low of $85.06 and a 1 year high of $155.08. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day moving average price of $137.07 and a 200-day moving average price of $131.66.

XPO (NYSE:XPO) last posted its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. Equities research analysts anticipate that XPO will post 4.15 EPS for the current year.

Institutional Trading of XPO

A number of institutional investors have recently modified their holdings of XPO. Bayforest Capital Ltd grew its stake in XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of XPO in the second quarter worth $26,000. Root Financial Partners LLC purchased a new position in shares of XPO in the third quarter valued at $32,000. Horizon Investments LLC bought a new stake in shares of XPO during the 3rd quarter valued at $39,000. Finally, FNY Investment Advisers LLC purchased a new stake in XPO during the 2nd quarter worth about $42,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.