XPO (NYSE:XPO) Shares Gap Up to $116.81

XPO, Inc. (NYSE:XPO)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $116.81, but opened at $122.91. XPO shares last traded at $123.96, with a volume of 122,709 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on XPO. Susquehanna decreased their price objective on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. Stifel Nicolaus raised their price objective on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Raymond James decreased their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. TD Cowen lifted their target price on shares of XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Bank of America decreased their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.17.

XPO Stock Performance

The firm has a market cap of $14.44 billion, a P/E ratio of 60.76, a PEG ratio of 1.76 and a beta of 2.10. The stock’s 50 day moving average is $108.72 and its two-hundred day moving average is $113.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, equities analysts predict that XPO, Inc. will post 3.6 EPS for the current year.

Insider Activity at XPO

In related news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of XPO during the first quarter worth approximately $27,000. Blue Trust Inc. lifted its position in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new position in shares of XPO during the second quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in shares of XPO during the first quarter worth approximately $31,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

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.