XPO (NYSE:XPO) Reaches New 12-Month High – Still a Buy?

Shares of XPO, Inc. (NYSE:XPO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $217.44 and last traded at $212.1820, with a volume of 856744 shares. The stock had previously closed at $210.47.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent research reports. Bank of America increased their target price on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Benchmark reiterated a “buy” rating on shares of XPO in a research note on Friday, February 6th. Rothschild & Co Redburn set a $156.00 target price on shares of XPO in a research report on Wednesday, November 26th. Truist Financial upped their target price on shares of XPO from $160.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company lifted their price target on shares of XPO from $147.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. One investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.32.

XPO Stock Up 2.2%

The company has a market capitalization of $25.20 billion, a PE ratio of 81.26, a PEG ratio of 2.76 and a beta of 1.93. The company’s 50 day moving average is $165.74 and its two-hundred day moving average is $145.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bayforest Capital Ltd increased its position in XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Toth Financial Advisory Corp increased its stake in 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 purchasing an additional 100 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of XPO during the fourth quarter valued at $28,000. Root Financial Partners LLC bought a new position in shares of XPO in the third quarter worth about $32,000. Finally, Torren Management LLC purchased a new position in XPO in the 4th quarter worth about $37,000. 97.73% of the stock is currently owned by institutional investors.

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.