XPO (NYSE:XPO) Shares Up 3.7%

XPO, Inc. (NYSE:XPO - Get Free Report) was up 3.7% during trading on Friday . The stock traded as high as $127.67 and last traded at $126.91. Approximately 130,494 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,320,987 shares. The stock had previously closed at $122.37.

Analyst Upgrades and Downgrades

Several research analysts have commented on XPO shares. JPMorgan Chase & Co. upped their price objective on shares of XPO from $97.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Stifel Nicolaus upped their price objective on shares of XPO from $77.00 to $87.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Susquehanna upped their target price on shares of XPO from $100.00 to $140.00 and gave the stock a "positive" rating in a research report on Thursday, February 8th. The Goldman Sachs Group upped their target price on shares of XPO from $98.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Finally, Oppenheimer upped their target price on shares of XPO from $100.00 to $130.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and an average price target of $105.80.

XPO Stock Performance

The business's fifty day moving average price is $116.59 and its 200-day moving average price is $93.41. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $14.91 billion, a PE ratio of 79.62, a P/E/G ratio of 2.99 and a beta of 2.19.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm posted $0.98 EPS. The business's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that XPO, Inc. will post 3.45 EPS for the current fiscal year.

Hedge Funds Weigh In On XPO

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in XPO by 1.1% during the 2nd quarter. BlackRock Inc. now owns 9,917,667 shares of the transportation company's stock worth $585,142,000 after acquiring an additional 112,572 shares during the period. Dorsey Wright & Associates bought a new stake in XPO during the 3rd quarter worth approximately $1,252,000. Wexford Capital LP bought a new stake in XPO during the 2nd quarter worth approximately $5,891,000. Barclays PLC raised its stake in XPO by 276.0% during the 2nd quarter. Barclays PLC now owns 340,813 shares of the transportation company's stock worth $20,108,000 after acquiring an additional 250,180 shares during the period. Finally, Lisanti Capital Growth LLC raised its stake in XPO by 527.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company's stock worth $6,753,000 after acquiring an additional 76,025 shares during the period. Institutional investors own 97.73% of the company's stock.

XPO Company Profile

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.