XPO (NYSE:XPO – Get Free Report) posted its quarterly earnings data on Friday. The transportation company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11, Briefing.com reports. XPO had a return on equity of 39.93% and a net margin of 1.92%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $1.81 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis.
XPO Trading Up 4.2 %
Shares of XPO stock traded up $2.85 on Friday, hitting $71.32. 3,303,736 shares of the company’s stock traded hands, compared to its average volume of 1,991,503. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.01 and a current ratio of 1.01. XPO has a one year low of $24.51 and a one year high of $76.77. The company’s fifty day simple moving average is $57.59 and its 200 day simple moving average is $44.92. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 42.71, a P/E/G ratio of 4.29 and a beta of 2.22.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Barclays raised their target price on XPO from $55.00 to $70.00 in a research note on Monday, July 17th. JPMorgan Chase & Co. upgraded XPO from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $52.00 in a research note on Friday, April 21st. Stifel Nicolaus downgraded XPO from a “buy” rating to a “hold” rating and lifted their price target for the company from $48.00 to $51.00 in a research note on Monday, May 8th. Wells Fargo & Company lifted their price target on XPO from $46.00 to $58.00 in a research note on Thursday, July 13th. Finally, Evercore ISI lifted their price target on XPO from $46.00 to $56.00 in a research note on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.71.
Insider Activity at XPO
In other XPO news, Director Allison Landry sold 1,600 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $53.20, for a total value of $85,120.00. Following the sale, the director now owns 3,360 shares of the company’s stock, valued at approximately $178,752. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.
Institutional Investors Weigh In On XPO
Large investors have recently modified their holdings of the stock. Private Advisor Group LLC bought a new stake in shares of XPO during the 1st quarter valued at about $242,000. Belpointe Asset Management LLC boosted its stake in shares of XPO by 13.9% during the 1st quarter. Belpointe Asset Management LLC now owns 7,322 shares of the transportation company’s stock valued at $234,000 after purchasing an additional 895 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of XPO by 12.4% during the 4th quarter. Cetera Advisor Networks LLC now owns 6,953 shares of the transportation company’s stock valued at $231,000 after purchasing an additional 768 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of XPO during the 4th quarter valued at about $219,000. Finally, Blair William & Co. IL boosted its stake in shares of XPO by 6.0% during the 1st quarter. Blair William & Co. IL now owns 6,630 shares of the transportation company’s stock valued at $211,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 89.61% of the company’s stock.
XPO Company Profile
(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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