XPO, Inc. (NYSE:XPO) Stock Has Average Price Target of $225.82

XPO, Inc. (NYSE:XPO) has received an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $225.82.

A number of research analysts have recently issued reports on XPO shares. JPMorgan Chase & Co. boosted their target price on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Bank of America decreased their price target on XPO from $248.00 to $228.00 and set a “buy” rating for the company in a report on Friday, September 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $247.00 price objective on shares of XPO in a research report on Thursday, July 30th. Susquehanna boosted their price objective on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Raymond James Financial cut their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, July 13th.

XPO Stock Down 2.0%

Shares of NYSE:XPO opened at $176.35 on Tuesday. The stock has a market cap of $20.65 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.81 and a beta of 1.85. The firm has a fifty day moving average price of $195.27 and a 200 day moving average price of $202.58. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO has a 1-year low of $121.48 and a 1-year high of $232.05.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Sell-side analysts predict that XPO will post 5.42 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Kyle Wismans sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $178.52, for a total value of $133,890.00. Following the completion of the sale, the chief financial officer directly owned 48,716 shares of the company’s stock, valued at $8,696,780.32. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of XPO stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $179.41, for a total value of $469,157.15. Following the completion of the sale, the chief operating officer owned 64,735 shares in the company, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,365 shares of company stock worth $1,612,085. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of XPO by 73.3% during the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after buying an additional 75,600 shares in the last quarter. National Pension Service bought a new stake in shares of XPO in the second quarter worth $37,695,000. Border to Coast Pensions Partnership Ltd acquired a new stake in XPO in the first quarter valued at $36,048,000. K.J. Harrison & Partners Inc acquired a new stake in XPO in the second quarter valued at $4,927,000. Finally, MFN Partners Management LP bought a new position in XPO during the 2nd quarter valued at $2,026,148,865. Hedge funds and other institutional investors own 97.73% of the company’s stock.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.