XPO (NYSE:XPO) Sets New 12-Month High – What’s Next?

XPO, Inc. (NYSE:XPO)’s share price hit a new 52-week high during mid-day trading on Monday . The stock 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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XPO. Barclays raised their price objective on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley set a $105.00 price target on XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Jefferies Financial Group upped their price target on XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Evercore set a $222.00 price target on XPO in a research note on Friday, May 1st. Finally, Susquehanna upped their price target on XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.10.

XPO Trading Down 3.0%

The firm has a market cap of $25.15 billion, a PE ratio of 73.36, a P/E/G ratio of 2.56 and a beta of 1.83. The company’s fifty day moving average price is $213.84 and its two-hundred day moving average price is $184.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, sell-side analysts forecast that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by insiders.

Institutional Trading of XPO

Several hedge funds and other institutional investors have recently made changes to their positions in XPO. Durable Capital Partners LP lifted its stake in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the period. Norges Bank acquired a new stake in shares of XPO in the fourth quarter valued at about $204,304,000. Bessemer Group Inc. lifted its stake in shares of XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after purchasing an additional 1,299,480 shares during the period. Invesco Ltd. lifted its stake in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the period. Finally, Capital World Investors raised its position in XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. 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.