XPO (NYSE:XPO) Sets New 52-Week High – Time to Buy?

XPO, Inc. (NYSE:XPO)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $138.71 and last traded at $138.20, with a volume of 2128187 shares trading hands. The stock had previously closed at $133.50.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of XPO from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Evercore ISI cut their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Bank of America decreased their price target on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Finally, Stifel Nicolaus upped their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.38.

XPO Price Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a market cap of $16.09 billion, a P/E ratio of 44.05, a P/E/G ratio of 2.04 and a beta of 2.07. The company’s 50-day moving average price is $112.90 and its two-hundred day moving average price is $111.31.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business posted $0.88 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that XPO, Inc. will post 3.61 earnings per share for the current year.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in XPO in the third quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in shares of XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of XPO during the second quarter valued at $28,000. ORG Partners LLC acquired a new position in shares of XPO in the 1st quarter valued at $36,000. Finally, International Assets Investment Management LLC purchased a new position in XPO in the 2nd quarter worth about $36,000. 97.73% of the stock is owned by institutional investors.

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.