XPO (NYSE:XPO) Reaches New 1-Year High – Should You Buy?

XPO, Inc. (NYSE:XPO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $158.57 and last traded at $156.11, with a volume of 434279 shares trading hands. The stock had previously closed at $148.11.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial set a $145.00 price objective on shares of XPO in a report on Tuesday, October 14th. Barclays upped their target price on shares of XPO from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. Citigroup lowered XPO from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $164.00 to $171.00 in a report on Wednesday, January 7th. Finally, Oppenheimer set a $154.00 target price on XPO and gave the company an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus price target of $153.29.

XPO Stock Up 6.1%

The stock has a fifty day moving average of $144.23 and a 200 day moving average of $135.44. The firm has a market capitalization of $18.44 billion, a P/E ratio of 56.47, a price-to-earnings-growth ratio of 2.70 and a beta of 2.01. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.06. XPO had a net margin of 4.13% and a return on equity of 26.14%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of XPO by 306.9% during the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after buying an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP raised its position in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the period. Norges Bank purchased a new stake in shares of XPO during the 2nd quarter valued at approximately $168,840,000. Cooke & Bieler LP bought a new position in XPO in the 2nd quarter worth approximately $108,218,000. Finally, Capital World Investors grew its stake in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after buying an additional 735,450 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.