XPO, Inc. (NYSE:XPO) Receives $143.13 Average Price Target from Brokerages

Shares of XPO, Inc. (NYSE:XPO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $143.13.

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Benchmark restated a "buy" rating and set a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Barclays raised their price objective on shares of XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. The Goldman Sachs Group reduced their price target on shares of XPO from $139.00 to $136.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, TD Cowen lifted their price target on shares of XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st.

Hedge Funds Weigh In On XPO

Several large investors have recently added to or reduced their stakes in XPO. D1 Capital Partners L.P. purchased a new position in XPO during the second quarter valued at approximately $271,532,000. The Manufacturers Life Insurance Company lifted its holdings in XPO by 239.5% during 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 lifted its holdings in XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company's stock valued at $73,529,000 after purchasing an additional 259,727 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company's stock valued at $264,124,000 after purchasing an additional 253,519 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of XPO in the third quarter worth $18,071,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Up 1.2 %

NYSE:XPO traded up $1.89 during trading hours on Wednesday, reaching $156.61. 796,678 shares of the company traded hands, compared to its average volume of 1,469,630. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The business's 50-day moving average price is $132.65 and its two-hundred day moving average price is $118.09. XPO has a 1 year low of $80.26 and a 1 year high of $159.43. The stock has a market capitalization of $18.23 billion, a P/E ratio of 50.03, a P/E/G ratio of 2.30 and a beta of 2.08.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO's revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. Analysts predict that XPO will post 3.62 earnings per share for the current year.

XPO Company Profile

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.