XPO (NYSE:XPO) Trading 9.6% Higher - What's Next?
XPO, Inc. (NYSE:XPO) shares rose 9.6% during mid-day trading, reaching $137.75. Analysts have upgraded their ratings, with target prices ranging from $145 to $162. The stock has a Moderate Buy rating with an average target of $148.15. Insider transactions and institutional investments are noted, with 97.73% of the stock owned by institutions. XPO provides freight transportation services globally.
XPO, Inc. (NYSE:XPO - Get Free Report)'s share price traded up 9.6% during mid-day trading on Friday . The company traded as high as $136.11 and last traded at $137.75. 782,078 shares were traded during trading, a decline of 47% from the average session volume of 1,485,031 shares. The stock had previously closed at $125.64.
Analyst Ratings Changes
- 3 Trucking Stocks Getting Big Analyst Upgrades Now
A number of research analysts recently issued reports on XPO shares. Susquehanna reiterated a "positive" rating and set a $162.00 target price on shares of XPO in a research report on Friday, October 31st. Barclays upped their target price on shares of XPO from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday. Truist Financial set a $145.00 price target on XPO in a report on Tuesday, October 14th. Oppenheimer set a $154.00 target price on XPO and gave the company an "outperform" rating in a research report on Friday, October 31st. Finally, UBS Group lifted their target price on XPO from $150.00 to $162.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $148.15.
View Our Latest Analysis on XPO
XPO Trading Up 9.1%
- 3 Mid-Cap to Mega-Cap Stocks Have Announced Significant Buybacks
The firm has a fifty day moving average of $131.92 and a two-hundred day moving average of $127.67. The company has a market cap of $16.09 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88.
XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The firm had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current year.
Insider Transactions at XPO
- XPO Buying $50 Million of Its Own Stock: Here's Why
In other XPO news, Director Allison Landry sold 3,250 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director owned 5,875 shares of the company's stock, valued at $793,360. The trade was a 35.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.
Institutional Trading of XPO
A number of hedge funds and other institutional investors have recently made changes to their positions in XPO. SouthState Corp bought a new position in XPO in the 1st quarter worth about $25,000. Bayforest Capital Ltd lifted its holdings in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company's stock worth $25,000 after buying an additional 83 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of XPO in the second quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in XPO during the third quarter valued at approximately $32,000. Finally, Horizon Investments LLC bought a new stake in XPO during the 3rd quarter worth approximately $39,000. 97.73% of the stock is currently owned by institutional investors.
About XPO
(Get Free Report)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.
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