XPO (NYSE:XPO) Trading 3.3% Higher – Here’s Why

XPO, Inc. (NYSE:XPO)’s share price traded up 3.3% during mid-day trading on Wednesday . The stock traded as high as $110.96 and last traded at $110.92. 57,966 shares changed hands during trading, a decline of 96% from the average session volume of 1,460,490 shares. The stock had previously closed at $107.41.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup assumed coverage on shares of XPO in a research report on Wednesday. They set a “buy” rating and a $127.00 price target on the stock. Bank of America dropped their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Oppenheimer restated an “outperform” rating and set a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Susquehanna lifted their target price on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company dropped their target price on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $129.76.

XPO Stock Up 1.6 %

The business’s 50 day moving average price is $112.39 and its 200-day moving average price is $112.04. The firm has a market capitalization of $12.69 billion, a PE ratio of 53.80, a P/E/G ratio of 1.73 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, equities research analysts forecast that XPO, Inc. will post 3.59 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in shares of XPO by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after purchasing an additional 1,712 shares in the last quarter. Empirical Capital Management LLC acquired a new position in XPO during the 4th quarter worth approximately $4,380,000. Westwood Holdings Group Inc. grew its holdings in XPO by 38.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after acquiring an additional 57,192 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in XPO by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 321,300 shares of the transportation company’s stock worth $39,208,000 after acquiring an additional 39,700 shares in the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new position in XPO during the 1st quarter worth approximately $2,333,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.