XPO (NYSE:XPO) Reaches New 12-Month High – Time to Buy?

XPO, Inc. (NYSE:XPO)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $155.16 and last traded at $154.3430, with a volume of 887308 shares. The stock had previously closed at $150.16.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on XPO shares. TD Cowen boosted their target price on XPO from $141.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Evercore ISI reissued an “in-line” rating and issued a $148.00 price objective (down previously from $151.00) on shares of XPO in a report on Monday. Citigroup downgraded shares of XPO from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $164.00 to $171.00 in a report on Wednesday, January 7th. Rothschild & Co Redburn initiated coverage on shares of XPO in a report on Wednesday, November 26th. They set a “buy” rating and a $156.00 target price on the stock. Finally, Stephens restated an “overweight” rating and set a $170.00 target price on shares of XPO in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $152.62.

XPO Trading Up 2.7%

The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $18.10 billion, a PE ratio of 55.46, a PEG ratio of 2.59 and a beta of 2.02. The firm’s fifty day moving average is $140.50 and its two-hundred day moving average is $133.88.

XPO (NYSE:XPO) last released its earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. XPO had a net margin of 4.13% and a return on equity of 26.14%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm earned $1.02 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

A number of hedge funds have recently modified their holdings of the company. Capital World Investors raised its position in shares of XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares in the last quarter. Invesco Ltd. raised its stake in XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP lifted its holdings in XPO by 20.5% in the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after acquiring an additional 736,224 shares during the period. Orbis Allan Gray Ltd boosted its stake in shares of XPO by 16.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after acquiring an additional 452,891 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of XPO during the 2nd quarter valued at about $168,840,000. Hedge funds and other institutional investors 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.