XPO (NYSE:XPO) Hits New 12-Month High – Time to Buy?

XPO, Inc. (NYSE:XPO)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $159.43 and last traded at $158.98, with a volume of 503964 shares traded. The stock had previously closed at $153.51.

Wall Street Analysts Forecast Growth

XPO has been the subject of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. Oppenheimer reissued an “outperform” rating and set a $140.00 price target on shares of XPO in a research note on Friday, October 4th. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Stifel Nicolaus boosted their target price on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $143.13.

XPO Stock Up 1.2 %

The firm has a fifty day moving average price of $132.65 and a 200-day moving average price of $118.09. The firm has a market cap of $18.09 billion, a price-to-earnings ratio of 49.70, a PEG ratio of 2.30 and a beta of 2.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company posted $0.88 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that XPO, Inc. will post 3.62 EPS for the current year.

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of XPO during the third quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in shares of XPO by 25,800.0% during 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 during the period. Quest Partners LLC acquired a new stake in XPO in the second quarter worth about $28,000. International Assets Investment Management LLC bought a new position in XPO in the 2nd quarter valued at about $36,000. Finally, UMB Bank n.a. increased its stake in XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after buying an additional 353 shares during the period. 97.73% of the stock is currently owned by institutional investors.

About XPO

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.