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

XPO, Inc. (NYSE:XPO) reached a new 52-week high during trading on Tuesday . The company traded as high as $138.71 and last traded at $138.20, with a volume of 2128187 shares traded. The stock had previously closed at $133.50.

Analyst Ratings Changes

A number of research firms recently commented on XPO. Barclays boosted their target price on shares of XPO from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Evercore ISI cut their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group cut their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target 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. Finally, Susquehanna boosted their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.38.

XPO Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $17.53 billion, a P/E ratio of 48.73, a P/E/G ratio of 2.08 and a beta of 2.07. The company’s 50-day simple moving average is $114.69 and its 200 day simple moving average is $112.03.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. As a group, sell-side analysts expect that XPO, Inc. will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of XPO

Large investors have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in XPO in the 3rd quarter valued at $25,000. Blue Trust Inc. boosted its holdings in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the period. Quest Partners LLC bought a new stake in XPO in the 2nd quarter valued at $28,000. ORG Partners LLC bought a new stake in XPO in the 1st quarter valued at $36,000. Finally, International Assets Investment Management LLC bought a new stake in XPO in the 2nd quarter valued at $36,000. 97.73% of the stock is owned by 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.