XPO (NYSE:XPO) Shares Up 5.2% – What’s Next?

XPO, Inc. (NYSE:XPO) rose 5.2% during trading on Friday . The company traded as high as $119.27 and last traded at $117.82. Approximately 338,630 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,458,799 shares. The stock had previously closed at $112.01.

Wall Street Analyst Weigh In

Several research firms recently commented on XPO. Wells Fargo & Company reduced their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Susquehanna lifted their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. The Goldman Sachs Group lowered their price target on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Citigroup assumed coverage on XPO in a report on Wednesday, October 9th. They set a “buy” rating and a $127.00 price objective on the stock. Finally, Evercore ISI lowered their target price on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.41.

XPO Stock Up 5.1 %

The business’s 50-day simple moving average is $112.12 and its 200-day simple moving average is $111.28. The company has a market capitalization of $13.70 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 earnings per share. As a group, equities research analysts anticipate that XPO, Inc. will post 3.52 EPS for the current fiscal year.

Institutional Trading of XPO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new stake in XPO in the 3rd quarter worth approximately $25,000. Blue Trust Inc. boosted its holdings in XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC purchased a new stake in XPO during the second quarter worth $28,000. ORG Partners LLC acquired a new stake in XPO during the first quarter valued at $36,000. Finally, International Assets Investment Management LLC purchased a new position in XPO in the second quarter valued at $36,000. 97.73% of the stock is owned by institutional investors and hedge funds.

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.