XPO (NYSE:XPO) Reaches New 1-Year High on Analyst Upgrade

XPO, Inc. (NYSE:XPO)’s share price hit a new 52-week high on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $206.33 and last traded at $200.9240, with a volume of 37221 shares. The stock had previously closed at $185.62.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $180.00 price target on shares of XPO in a research report on Thursday. Stifel Nicolaus raised their target price on XPO from $166.00 to $206.00 and gave the company a “buy” rating in a report on Friday. Citigroup cut XPO from a “buy” rating to a “neutral” rating and upped their price target for the stock from $164.00 to $171.00 in a report on Wednesday, January 7th. Morgan Stanley reaffirmed an “underweight” rating and issued a $95.00 price objective on shares of XPO in a research report on Thursday. Finally, TD Cowen reaffirmed a “buy” rating on shares of XPO in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $174.52.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently modified their holdings of XPO. Capital World Investors raised its holdings 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 acquiring an additional 735,450 shares during the period. Invesco Ltd. grew its position in XPO by 19.8% during 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 raised its stake in XPO by 20.5% during 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 purchasing an additional 736,224 shares during the period. Orbis Allan Gray Ltd lifted its holdings in shares of XPO by 16.8% in the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after purchasing an additional 452,891 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of XPO in the second quarter valued at $168,840,000. Institutional investors own 97.73% of the company’s stock.

XPO Trading Down 0.7%

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm has a market cap of $23.68 billion, a price-to-earnings ratio of 76.30, a PEG ratio of 2.74 and a beta of 2.01. The company has a 50-day moving average price of $148.28 and a 200 day moving average price of $137.17.

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

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.