XPO (NYSE:XPO) Reaches New 12-Month High – Here’s Why

XPO, Inc. (NYSE:XPOGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $156.01 and last traded at $155.82, with a volume of 119916 shares traded. The stock had previously closed at $152.23.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XPO. Wells Fargo & Company lifted their price target on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. TD Cowen increased their price target on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Citigroup lifted their price objective on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $139.88.

View Our Latest Stock Analysis on XPO

XPO Stock 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 firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 2.42 and a beta of 2.07. The company has a 50-day moving average price of $116.25 and a 200-day moving average price of $112.44.

XPO (NYSE:XPOGet Free Report) last released its quarterly earnings results 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. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current year.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of XPO in the 3rd quarter worth $25,000. Blue Trust Inc. raised its position in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in XPO in the 2nd quarter valued at about $28,000. International Assets Investment Management LLC bought a new position in shares of XPO during the 2nd quarter valued at about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of XPO in the 2nd quarter worth approximately $37,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Company Profile

(Get Free Report)

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.

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