XPO (NYSE:XPO) Hits New 1-Year High Following Analyst Upgrade

Shares of XPO, Inc. (NYSE:XPO) reached a new 52-week high 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. The stock had previously closed at $185.62.

A number of other analysts have also recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $205.00 target price on shares of XPO in a report on Thursday. Rothschild & Co Redburn set a $156.00 price objective on shares of XPO in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a report on Friday. JPMorgan Chase & Co. boosted their price target on XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wall Street Zen upgraded XPO from a “hold” rating to a “buy” rating in a research report on Saturday. 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 given a Sell rating to the company. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $176.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in XPO by 10.1% during the 4th quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $110,000 after buying an additional 74 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of XPO by 3.4% during the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock worth $297,000 after acquiring an additional 76 shares during the last quarter. Signaturefd LLC grew its stake in XPO by 9.9% during the fourth quarter. Signaturefd LLC now owns 880 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 79 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in XPO by 23.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 82 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in XPO by 9.6% in the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after purchasing an additional 82 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

The firm’s 50 day simple moving average is $149.55 and its 200 day simple moving average is $137.66. The firm has a market cap of $24.21 billion, a PE ratio of 77.98, a PEG ratio of 2.74 and a beta of 2.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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.