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

Shares of XPO, Inc. (NYSE:XPO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $232.05 and last traded at $229.7730, with a volume of 1749379 shares traded. The stock had previously closed at $228.33.

Analyst Upgrades and Downgrades

Several research firms recently commented on XPO. Benchmark boosted their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Barclays increased their target price on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Truist Financial set a $240.00 price target on XPO in a report on Friday, May 1st. Finally, Susquehanna upped their price objective on XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.38.

XPO Stock Performance

The stock’s 50-day moving average price is $213.19 and its 200 day moving average price is $183.87. The firm has a market cap of $25.82 billion, a P/E ratio of 75.40, a price-to-earnings-growth ratio of 2.65 and a beta of 1.83. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last released its earnings results 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. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that XPO, Inc. will post 4.85 EPS for the current year.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XPO. Parallel Advisors LLC raised its stake in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after purchasing an additional 49 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after buying an additional 60 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of XPO by 13.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after buying an additional 60 shares in the last quarter. Root Financial Partners LLC increased its holdings in XPO by 21.1% during the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after buying an additional 63 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in XPO by 4.4% during the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after buying an additional 63 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

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.