XPO (NYSE:XPO) Reaches New 52-Week High – Here’s Why

Shares of XPO, Inc. (NYSE:XPO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $207.77 and last traded at $206.5030, with a volume of 285929 shares changing hands. The stock had previously closed at $202.14.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XPO. Wells Fargo & Company lifted their price objective on shares of XPO from $147.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Evercore set a $200.00 target price on shares of XPO in a research note on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of XPO in a report on Friday, February 6th. Morgan Stanley reiterated an “underweight” rating and issued a $95.00 price target on shares of XPO in a research note on Thursday, February 5th. Finally, Stifel Nicolaus boosted their price target on XPO from $166.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $177.18.

XPO Trading Up 1.9%

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The stock has a 50-day simple moving average of $156.39 and a 200 day simple moving average of $140.52. The company has a market cap of $24.14 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 2.57 and a beta of 2.01.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Institutional Trading of XPO

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 60 shares during the last quarter. UMB Bank n.a. boosted its holdings in XPO by 4.4% in the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 63 shares during the last quarter. Blair William & Co. IL boosted its holdings in XPO by 1.4% in the fourth quarter. Blair William & Co. IL now owns 4,927 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 70 shares during the last quarter. Allworth Financial LP grew its position in XPO by 10.1% during the 4th quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock worth $110,000 after purchasing an additional 74 shares during the period. Finally, Vise Technologies Inc. raised its stake in shares of XPO by 3.4% during the 3rd quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after buying an additional 76 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.