XPO (NYSE:XPO) Reaches New 12-Month High – Here’s Why

XPO, Inc. (NYSE:XPO) shares hit a new 52-week high during trading on Monday . The company traded as high as $159.65 and last traded at $159.63, with a volume of 588846 shares. The stock had previously closed at $156.30.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XPO. Stephens reissued an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. Stifel Nicolaus increased their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Citigroup lifted their price objective on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen increased their target price on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.31.

XPO Trading Up 1.2 %

The firm’s 50-day moving average price is $136.67 and its 200-day moving average price is $119.46. The company has a market cap of $18.42 billion, a P/E ratio of 50.58, a price-to-earnings-growth ratio of 2.37 and a beta of 2.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC purchased a new position in XPO during the first quarter worth about $235,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of XPO by 31.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,871 shares of the transportation company’s stock valued at $1,791,000 after purchasing an additional 4,018 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in XPO by 65.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,244 shares of the transportation company’s stock worth $451,000 after purchasing an additional 1,684 shares during the period. Blue Trust Inc. lifted its stake in 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 last quarter. Finally, Raymond James & Associates boosted its position in XPO by 3.1% during the second quarter. Raymond James & Associates now owns 145,167 shares of the transportation company’s stock valued at $15,409,000 after buying an additional 4,397 shares during the period. 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.