Analysts Set XPO, Inc. (NYSE:XPO) PT at $120.70

Shares of XPO, Inc. (NYSE:XPO) have been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $120.70.

Several analysts have recently issued reports on XPO shares. Susquehanna lowered their price objective on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. Wells Fargo & Company assumed coverage on shares of XPO in a research note on Friday, June 7th. They set an “overweight” rating and a $125.00 price objective for the company. Raymond James reduced their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Benchmark restated a “buy” rating and set a $140.00 target price on shares of XPO in a report on Friday, June 7th. Finally, Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and lifted their target price for the company from $115.00 to $120.00 in a report on Friday, May 24th.

Insiders Place Their Bets

In other news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the sale, the insider now owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently modified their holdings of the stock. Mather Group LLC. bought a new stake in shares of XPO during the 1st quarter valued at about $27,000. Blue Trust Inc. grew its position in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of XPO by 170.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after buying an additional 211 shares during the last quarter. Riverview Trust Co bought a new stake in shares of XPO during the 1st quarter valued at about $31,000. Finally, ORG Partners LLC bought a new stake in shares of XPO during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 1.7 %

Shares of NYSE XPO opened at $112.90 on Friday. XPO has a 52-week low of $63.52 and a 52-week high of $130.51. The firm has a fifty day moving average of $107.19 and a 200-day moving average of $109.58. The stock has a market capitalization of $13.13 billion, a PE ratio of 55.34, a P/E/G ratio of 1.62 and a beta of 2.10. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49.

XPO (NYSE:XPO) last announced its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company earned $0.56 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that XPO will post 3.57 EPS for the current year.

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.