XPO (NYSE:XPO) Hits New 1-Year High – Here’s What Happened

XPO, Inc. (NYSE:XPO) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $134.82 and last traded at $132.82, with a volume of 530355 shares traded. The stock had previously closed at $120.25.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XPO. The Goldman Sachs Group decreased their price objective on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Bank of America decreased their price objective 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. Finally, Citigroup assumed coverage on shares of XPO in a report on Wednesday, October 9th. They issued a “buy” rating and a $127.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.41.

XPO Price Performance

The business’s 50-day simple moving average is $112.16 and its 200-day simple moving average is $110.97. The stock has a market cap of $15.55 billion, a PE ratio of 44.13, a PEG ratio of 1.93 and a beta of 2.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. XPO’s quarterly revenue was up 8.5% on a year-over-year basis. On average, research analysts expect that XPO, Inc. will post 3.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of XPO during the third quarter valued at approximately $25,000. Blue Trust Inc. boosted its position in shares of XPO by 25,800.0% in 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 during the period. Quest Partners LLC bought a new position in shares of XPO in the second quarter worth approximately $28,000. ORG Partners LLC bought a new position in shares of XPO during the first quarter worth $36,000. Finally, International Assets Investment Management LLC bought a new position in XPO during the second quarter valued at $36,000. Institutional investors own 97.73% of the company’s stock.

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.