XPO (NYSE:XPO) Reaches New 1-Year High – Still a Buy?
by Danessa Lincoln · The Markets DailyShares of XPO, Inc. (NYSE:XPO – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $232.05 and last traded at $229.7730, with a volume of 1749379 shares traded. The stock had previously closed at $228.33.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Susquehanna lifted their price target on shares of XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price target on shares of XPO in a research note on Thursday, April 30th. Truist Financial set a $240.00 price objective on shares of XPO in a report on Friday, May 1st. Finally, Barclays raised their price objective on shares of XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $217.38.
Check Out Our Latest Stock Report on XPO
XPO Trading Down 3.7%
The company has a market capitalization of $25.82 billion, a P/E ratio of 75.40, a PEG ratio of 2.65 and a beta of 1.83. The business has a 50 day moving average price of $213.19 and a 200 day moving average price of $183.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.
XPO (NYSE:XPO – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm earned $0.73 EPS. XPO’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 4.85 EPS for the current year.
Insider Buying and Selling at XPO
In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by corporate insiders.
Institutional Trading of XPO
Several hedge funds have recently added to or reduced their stakes in XPO. Toth Financial Advisory Corp increased its holdings in shares of XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of XPO during the 4th quarter valued at about $28,000. Torren Management LLC acquired a new position in shares of XPO in the 4th quarter valued at approximately $37,000. Horizon Investments LLC bought a new stake in XPO during the 3rd quarter worth approximately $39,000. Finally, International Assets Investment Management LLC bought a new stake in XPO during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds 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.