XPO (NYSE:XPO) Hits New 52-Week 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 $156.01 and last traded at $155.82, with a volume of 119916 shares traded. The stock had previously closed at $152.23.

Wall Street Analyst Weigh In

Several research analysts have recently commented on XPO shares. JPMorgan Chase & Co. decreased their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price target on shares of XPO in a report on Friday, October 4th. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price 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. Finally, Stephens reaffirmed an “overweight” rating and issued a $150.00 target price on shares of XPO in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.38.

XPO Trading Up 2.8 %

The firm has a market cap of $18.21 billion, a PE ratio of 50.50, a P/E/G ratio of 2.38 and a beta of 2.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The company’s 50 day moving average price is $115.43 and its two-hundred day moving average price is $112.18.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. As a group, sell-side analysts forecast that XPO, Inc. will post 3.62 EPS for the current year.

Institutional Trading of XPO

Institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its stake in shares of XPO by 4.9% during the first quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock worth $465,000 after buying an additional 179 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of XPO in the first quarter worth about $312,000. Thoroughbred Financial Services LLC lifted its stake in XPO by 2.6% in the 1st quarter. Thoroughbred Financial Services LLC now owns 8,440 shares of the transportation company’s stock worth $1,029,000 after purchasing an additional 215 shares in the last quarter. Williams Jones Wealth Management LLC. purchased a new position in XPO during the first quarter worth approximately $275,000. Finally, US Bancorp DE boosted its position in shares of XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds 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.