XPO (NYSE:XPO) Hits New 1-Year High – Here’s Why

XPO, Inc. (NYSE:XPO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $138.71 and last traded at $138.20, with a volume of 2128187 shares changing hands. The stock had previously closed at $133.50.

Analyst Ratings Changes

XPO has been the subject of a number of research reports. TD Cowen increased their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group dropped their price objective 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. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.38.

XPO Stock Down 0.8 %

The business’s 50-day moving average is $114.69 and its 200-day moving average is $112.03. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 2.08 and a beta of 2.07.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that XPO, Inc. will post 3.63 EPS for the current year.

Institutional Investors Weigh In On XPO

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in XPO by 9.8% during the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after acquiring an additional 912,544 shares during the last quarter. Capital World Investors boosted its stake in shares of XPO by 3.3% in the 1st quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock valued at $548,170,000 after purchasing an additional 142,908 shares during the last quarter. D1 Capital Partners L.P. bought a new position in shares of XPO in the 2nd quarter valued at about $271,532,000. Clearbridge Investments LLC boosted its stake in shares of XPO by 11.3% in the 2nd 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after purchasing an additional 130,322 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

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.