XPO (NYSE:XPO) Sets New 1-Year High – Still a Buy?

XPO, Inc. (NYSE:XPO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $134.82 and last traded at $132.82, with a volume of 530355 shares. The stock had previously closed at $120.25.

Analyst Ratings Changes

Several brokerages have recently issued reports on XPO. Evercore ISI reduced their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Oppenheimer reiterated an “outperform” rating and set a $140.00 price objective on shares of XPO in a research report on Friday, October 4th. Susquehanna boosted their target price on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. The Goldman Sachs Group decreased their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Stephens restated an “overweight” rating and set a $150.00 price target on shares of XPO in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.41.

XPO Stock Performance

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a 50 day moving average price of $112.16 and a two-hundred day moving average price of $110.97. The company has a market cap of $15.55 billion, a price-to-earnings ratio of 44.13, a P/E/G ratio of 1.93 and a beta of 2.10.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts predict that XPO, Inc. will post 3.52 EPS for the current year.

Hedge Funds Weigh In On XPO

A number of large investors have recently added to or reduced their stakes in XPO. ORG Wealth Partners LLC bought a new position in shares of XPO in the 3rd quarter valued at about $25,000. Blue Trust Inc. lifted its stake in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC acquired a new stake in XPO during the second quarter worth approximately $28,000. ORG Partners LLC acquired a new stake in XPO during the first quarter worth approximately $36,000. Finally, International Assets Investment Management LLC acquired a new stake in XPO during the second quarter worth approximately $36,000. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

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.