XPO (NYSE:XPO) Hits New 12-Month High – Still a Buy?

XPO, Inc. (NYSE:XPO)’s stock price hit a new 52-week high on Thursday . The company traded as high as $155.16 and last traded at $154.3430, with a volume of 887308 shares traded. The stock had previously closed at $150.16.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of research reports. Cowen reissued a “buy” rating on shares of XPO in a report on Friday, January 9th. Truist Financial set a $145.00 target price on shares of XPO in a research report on Tuesday, October 14th. Redburn Partners set a $156.00 price target on XPO in a report on Wednesday, November 26th. UBS Group lifted their price objective on XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 price target on shares of XPO in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.33.

XPO Trading Down 2.5%

The business has a 50 day simple moving average of $141.05 and a two-hundred day simple moving average of $134.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77. The company has a market cap of $17.67 billion, a PE ratio of 54.15, a price-to-earnings-growth ratio of 2.79 and a beta of 2.02.

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

Institutional Trading of XPO

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vise Technologies Inc. grew its position in XPO by 3.4% during the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 76 shares during the period. GAMMA Investing LLC grew its stake in XPO by 4.4% during the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock worth $235,000 after buying an additional 78 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of XPO by 23.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 82 shares during the period. Archer Investment Corp lifted its holdings in shares of XPO by 9.6% during the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 82 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its position in XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Company Profile

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.