XPO, Inc. (NYSE:XPO - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $156.01 and last traded at $155.82, with a volume of 119916 shares trading hands. The stock had previously closed at $152.23.
Analyst Ratings Changes
XPO has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on shares of XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. TD Cowen increased their price target on shares of XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Barclays raised their target price on shares of XPO from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Wells Fargo & Company raised their target price on shares of XPO from $119.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Finally, Benchmark restated a "buy" rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $138.38.
Check Out Our Latest Research Report on XPO
XPO Stock Up 1.9 %
The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm's 50 day moving average is $115.43 and its two-hundred day moving average is $112.18. The firm has a market capitalization of $18.06 billion, a P/E ratio of 50.50, a PEG ratio of 2.38 and a beta of 2.07.
XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same period in the previous year, the business posted $0.88 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict that XPO, Inc. will post 3.62 EPS for the current year.
Hedge Funds Weigh In On XPO
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Traynor Capital Management Inc. lifted its holdings in shares of XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company's stock worth $2,596,000 after buying an additional 13,422 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of XPO by 38.6% during the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company's stock worth $21,782,000 after buying an additional 57,192 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of XPO by 595.5% during the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company's stock worth $2,718,000 after buying an additional 21,889 shares in the last quarter. Comerica Bank lifted its holdings in shares of XPO by 10.8% during the first quarter. Comerica Bank now owns 54,529 shares of the transportation company's stock worth $6,654,000 after buying an additional 5,336 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of XPO by 46.2% during the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company's stock worth $5,308,000 after buying an additional 15,795 shares in the last quarter. 97.73% of the stock is owned by institutional investors.
About XPO
(
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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.
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