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

Shares of XPO, Inc. (NYSE:XPO - Get Free Report) have been assigned a consensus rating of "Buy" from the nineteen research firms that are currently covering the firm, Marketbeat reports. Nineteen equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $158.47.

A number of equities research analysts have commented on XPO shares. Oppenheimer raised their price target on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Raymond James decreased their target price on XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Benchmark boosted their price objective on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group increased their target price on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 10th.

XPO Trading Up 3.7 %

NYSE:XPO traded up $4.03 on Friday, reaching $112.64. 1,078,965 shares of the stock traded hands, compared to its average volume of 1,499,228. XPO has a 1-year low of $97.03 and a 1-year high of $161.00. The company's 50 day moving average is $128.54 and its 200-day moving average is $129.64. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

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XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Argent Trust Co increased its stake in shares of XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after purchasing an additional 75 shares during the last quarter. Larson Financial Group LLC increased its position in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after buying an additional 76 shares during the last quarter. Scientech Research LLC raised its stake in shares of XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after buying an additional 84 shares during the period. UMB Bank n.a. lifted its position in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after buying an additional 86 shares during the last quarter. Finally, SageView Advisory Group LLC grew its stake in shares of XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after acquiring an additional 96 shares during the period. 97.73% of the stock is currently 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.