XPO (NYSE:XPO) Trading 5.2% Higher - Time to Buy?

XPO, Inc. (NYSE:XPO - Get Free Report) shot up 5.2% during trading on Friday . The stock traded as high as $119.27 and last traded at $117.82. 338,630 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,458,799 shares. The stock had previously closed at $112.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XPO shares. TD Cowen decreased their price target on shares of XPO from $143.00 to $142.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group lowered their price target on shares of XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of XPO from $147.00 to $143.00 and set an "overweight" rating for the company in a research note on Friday, September 6th. Wells Fargo & Company lowered their target price on XPO from $125.00 to $119.00 and set an "overweight" rating on the stock in a research report on Thursday, September 5th. Finally, Citigroup began coverage on XPO in a research report on Wednesday, October 9th. They set a "buy" rating and a $127.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and an average target price of $130.41.

XPO Stock Performance

The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10. 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's 50 day moving average is $112.41 and its 200 day moving average is $111.35.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Analysts anticipate that XPO, Inc. will post 3.52 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Wealth Partners LLC bought a new stake in shares of XPO during the 3rd quarter valued at $25,000. Blue Trust Inc. raised its stake in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock valued at $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new stake in XPO during the second quarter worth about $28,000. ORG Partners LLC acquired a new stake in XPO during the first quarter worth about $36,000. Finally, International Assets Investment Management LLC bought a new position in XPO in the 2nd quarter valued at about $36,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.