XPO (NYSE:XPO) Sets New 12-Month High After Analyst Upgrade

XPO, Inc. (NYSE:XPO) hit a new 52-week high during trading on Monday after Citigroup raised their price target on the stock from $167.00 to $205.00. Citigroup currently has a neutral rating on the stock. XPO traded as high as $206.33 and last traded at $200.9240, with a volume of 37221 shares traded. The stock had previously closed at $185.62.

A number of other equities research analysts have also recently commented on the stock. Truist Financial increased their price objective on shares of XPO from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen reiterated a “buy” rating on shares of XPO in a research report on Friday. Barclays set a $195.00 price objective on shares of XPO and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Evercore set a $200.00 target price on XPO in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average target price of $176.00.

Institutional Trading of XPO

Hedge funds have recently added to or reduced their stakes in the business. Bayforest Capital Ltd boosted its position in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Toth Financial Advisory Corp raised its stake in XPO by 100.0% during 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 position in XPO during the fourth quarter worth approximately $28,000. Root Financial Partners LLC acquired a new position in shares of XPO in the 3rd quarter valued at $32,000. Finally, Torren Management LLC purchased a new stake in shares of XPO during the 4th quarter valued at $37,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Trading Down 3.4%

The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $23.41 billion, a price-to-earnings ratio of 75.40, a P/E/G ratio of 2.74 and a beta of 2.01. The business has a fifty day moving average price of $150.83 and a 200 day moving average price of $138.10.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. As a group, equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

About XPO

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.