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

XPO, Inc. (NYSE:XPO) shares reached a new 52-week high on Monday . The stock traded as high as $217.44 and last traded at $212.1820, with a volume of 856744 shares changing hands. The stock had previously closed at $210.47.

Analysts Set New Price Targets

A number of research firms have weighed in on XPO. UBS Group set a $210.00 target price on shares of XPO and gave the company a “buy” rating in a research note on Friday, February 6th. Susquehanna cut shares of XPO from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $160.00 to $210.00 in a report on Wednesday, February 11th. Bank of America increased their price objective on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Citigroup raised their target price on XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.32.

XPO Stock Performance

The company’s fifty day simple moving average is $165.74 and its 200 day simple moving average is $145.15. The stock has a market capitalization of $25.20 billion, a P/E ratio of 81.26, a P/E/G ratio of 2.76 and a beta of 1.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital World Investors boosted its stake in shares of XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares during the period. Invesco Ltd. boosted its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP lifted its position in XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after acquiring an additional 736,224 shares in the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after purchasing an additional 499,220 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of XPO by 9.7% during the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after acquiring an additional 261,935 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

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.