XPO (NYSE:XPO) Reaches New 52-Week High Following Analyst Upgrade

XPO, Inc. (NYSE:XPO) shares hit a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $208.00 to $210.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. XPO traded as high as $232.00 and last traded at $229.6110, with a volume of 18743 shares trading hands. The stock had previously closed at $224.66.

XPO has been the topic of several other reports. Morgan Stanley set a $105.00 price objective on XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. BMO Capital Markets upped their target price on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen lifted their price target on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $233.00 price objective on shares of XPO in a report on Friday, May 1st. Finally, Truist Financial set a $240.00 price objective on shares of XPO in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.38.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XPO. Durable Capital Partners LP grew its position in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank bought a new position in XPO in the 4th quarter worth $204,304,000. Bessemer Group Inc. lifted its position in XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after purchasing an additional 1,299,480 shares in the last quarter. Invesco Ltd. lifted its position in XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Finally, Capital World Investors grew its holdings in XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares during the period. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day simple moving average of $210.55 and a 200 day simple moving average of $181.17. The firm has a market cap of $26.55 billion, a PE ratio of 77.05, a PEG ratio of 2.55 and a beta of 1.83.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. Equities research analysts forecast that XPO, Inc. will post 4.84 EPS for the current 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.