XPO (NYSE:XPO) Reaches New 1-Year High – What’s Next?

XPO, Inc. (NYSE:XPO) hit a new 52-week high during mid-day 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reduced their target price on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price 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. Citigroup upped their price target on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus boosted 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, Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 price target on shares of XPO in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.88.

XPO Stock Performance

The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day simple moving average is $116.25 and its two-hundred day simple moving average is $112.44. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 49.00, a price-to-earnings-growth ratio of 2.42 and a beta of 2.07.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current year.

Institutional Trading of XPO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Perennial Investment Advisors LLC raised its position in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after buying an additional 103 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 116 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in XPO by 9.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares during the period. Stephens Inc. AR boosted its stake in XPO by 6.4% during the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after buying an additional 142 shares in the last quarter. Finally, Resources Management Corp CT ADV increased its holdings in XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after buying an additional 145 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.