XPO, Inc. (NYSE:XPO – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $130.18.
A number of equities research analysts have recently weighed in on XPO shares. JPMorgan Chase & Co. reduced their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Stifel Nicolaus raised their price objective on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. TD Cowen reduced their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Raymond James reduced their price objective 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. Finally, Bank of America dropped their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd.
Get Our Latest Research Report on XPO
XPO Price Performance
XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $0.71 EPS. The company’s revenue was up 8.5% on a year-over-year basis. On average, research analysts expect that XPO will post 3.59 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in XPO during the 1st quarter worth $27,000. Riverview Trust Co purchased a new stake in shares of XPO in the first quarter valued at about $31,000. Blue Trust Inc. boosted its holdings in shares of XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of XPO in the second quarter valued at about $28,000. Finally, ORG Partners LLC purchased a new stake in shares of XPO in the first quarter valued at about $36,000. 97.73% of the stock is 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.
Featured Articles
- Five stocks we like better than XPO
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is MarketRankā¢? How to Use it
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for XPO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO and related companies with MarketBeat.com's FREE daily email newsletter.