XPO (NYSE:XPO) Sets New 12-Month High – Still a Buy?

XPO, Inc. (NYSE:XPO) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $207.77 and last traded at $206.5030, with a volume of 285929 shares. The stock had previously closed at $202.14.

Analysts Set New Price Targets

A number of analysts have recently commented on XPO shares. Wells Fargo & Company boosted their price target on XPO from $147.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research report on Wednesday, January 21st. The Goldman Sachs Group restated a “buy” rating and issued a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Wolfe Research cut shares of XPO from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Finally, Stephens reissued an “overweight” rating and issued a $170.00 price objective on shares of XPO in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $178.32.

XPO Stock Performance

The firm has a market capitalization of $24.62 billion, a price-to-earnings ratio of 79.31, a P/E/G ratio of 2.67 and a beta of 2.01. The stock’s fifty day moving average is $159.72 and its two-hundred day moving average is $142.02. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75.

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

Hedge Funds Weigh In On XPO

A number of institutional investors have recently bought and sold shares of XPO. Amundi lifted its position in shares of XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares during the last quarter. AQR Capital Management LLC lifted its holdings in XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after purchasing an additional 1,243 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after purchasing an additional 355 shares during the last quarter. CWM LLC boosted its stake in shares of XPO by 24.1% in the second quarter. CWM LLC now owns 1,382 shares of the transportation company’s stock valued at $175,000 after buying an additional 268 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in XPO during the second quarter worth approximately $960,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.