XPO (NYSE:XPO) Reaches New 1-Year High on Analyst Upgrade

XPO, Inc. (NYSE:XPO)’s stock price hit a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $206.33 and last traded at $200.9240, with a volume of 37221 shares traded. The stock had previously closed at $185.62.

Several other brokerages have also issued reports on XPO. Stifel Nicolaus lifted their price target on XPO from $166.00 to $206.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday. Evercore set a $200.00 target price on shares of XPO in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a report on Wednesday, January 21st. Finally, Stephens reiterated an “overweight” rating and issued a $170.00 price objective on shares of XPO in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.52.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently made changes to their positions in XPO. Coldstream Capital Management Inc. boosted its stake in XPO by 7.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,609 shares of the transportation company’s stock valued at $355,000 after purchasing an additional 172 shares during the period. MQS Management LLC acquired a new stake in shares of XPO in the fourth quarter worth $480,000. Legato Capital Management LLC grew its position in XPO by 16.2% in the 4th quarter. Legato Capital Management LLC now owns 3,056 shares of the transportation company’s stock worth $415,000 after purchasing an additional 427 shares during the last quarter. RD Lewis Holdings Inc. bought a new position in shares of XPO during the 4th quarter worth about $275,000. Finally, Global Retirement Partners LLC lifted its stake in shares of XPO by 24.2% in the fourth quarter. Global Retirement Partners LLC now owns 3,516 shares of the transportation company’s stock valued at $478,000 after buying an additional 685 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

The company has a market cap of $23.68 billion, a P/E ratio of 76.30, a P/E/G ratio of 2.74 and a beta of 2.01. The stock has a 50-day simple moving average of $148.28 and a 200 day simple moving average of $137.17. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $0.89 earnings per share. XPO’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

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.