XPO (NYSE:XPO) Hits New 1-Year High Following Analyst Upgrade

Shares of XPO, Inc. (NYSE:XPO) 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. The stock had previously closed at $224.66.

Other research analysts have also issued reports about the stock. Barclays upped their price objective on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. BMO Capital Markets increased their price target on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group raised their price objective on shares of XPO to $275.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Bank of America lifted their price objective on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.38.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On XPO

Large investors have recently made changes to their positions in the business. Amundi increased its position in XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares in the last quarter. AQR Capital Management LLC boosted its holdings in XPO by 7.6% in the first 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 holdings in XPO by 3.2% in the first 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. EverSource Wealth Advisors LLC grew its stake in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of XPO during the second quarter valued at $611,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 0.6%

The stock’s 50 day moving average is $210.55 and its 200-day moving average is $181.17. The company has a market cap of $26.55 billion, a P/E ratio of 77.05, a PEG ratio of 2.55 and a beta of 1.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last released 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. Research analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal 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.