XPO (NYSE:XPO) Reaches New 1-Year High – What’s Next?

Shares of XPO, Inc. (NYSE:XPO) hit a new 52-week high on Monday . The company traded as high as $158.57 and last traded at $156.11, with a volume of 434279 shares. The stock had previously closed at $148.11.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of recent analyst reports. Bank of America lifted their target price on shares of XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Truist Financial set a $145.00 price target on shares of XPO in a report on Tuesday, October 14th. Citigroup downgraded shares of XPO from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $164.00 to $171.00 in a research note on Wednesday, January 7th. Susquehanna dropped their price objective on shares of XPO from $162.00 to $160.00 and set a “positive” rating on the stock in a report on Monday, January 5th. Finally, Raymond James Financial raised their target price on XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $153.29.

XPO Stock Up 5.7%

The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of 64.47, a P/E/G ratio of 2.97 and a beta of 2.01. The business’s 50-day moving average is $145.41 and its 200-day moving average is $135.96. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77.

Hedge Funds Weigh In On XPO

Several large investors have recently made changes to their positions in the company. Amundi grew its position in XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares during the period. AQR Capital Management LLC boosted its stake in shares of XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after acquiring an additional 355 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of XPO by 63.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 165 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of XPO by 8.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 37,900 shares of the transportation company’s stock valued at $4,786,000 after purchasing an additional 2,834 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

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.