XPO, Inc. (NYSE:XPO) Receives $158.47 Average Price Target from Analysts

Shares of XPO, Inc. (NYSE:XPO) have been given an average recommendation of “Buy” by the nineteen brokerages that are covering the company, MarketBeat reports. Nineteen equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $156.37.

XPO has been the subject of several research reports. Jefferies Financial Group upped 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. Oppenheimer increased their price target on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective for the company. Vertical Research raised XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Thursday, March 6th. Finally, UBS Group boosted their price target on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th.

Insider Activity at XPO

In other news, COO David J. Bates bought 1,880 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Versant Capital Management Inc acquired a new stake in shares of XPO during the 4th quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the fourth quarter worth approximately $42,000. Cullen Frost Bankers Inc. grew its holdings in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC increased its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after buying an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of XPO during the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock opened at $112.82 on Friday. 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 $126.59 and its 200 day moving average is $129.53. The firm has a market capitalization of $13.23 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Research analysts forecast that XPO will post 4.15 EPS for the current year.

XPO announced that its board has approved a stock repurchase program on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.