The Vanguard Group, Inc. has recently announced that it has increased stake in XPO Inc (NYSE:XPO) by 0.50%. After grabbing 10.63 million shares, the institutional investor is now in possession of 53116.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 9.17% having worth around $805.93 million. Moreover, BlackRock Fund Advisors increased its share by 87415.0 to have a control over 9.2 million shares. And Capital Research & Management Co raised its holdings to 2.94 million shares by acquiring 6.2 million shares or 5.34% of the stake.
XPO Inc (XPO) concluded trading on 12/07/23 at a closing price of $80.44, with 2.95 million shares of worth about $237.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 64.33% during that period and on Thursday the price saw a loss of about -1.25%. Currently the company’s common shares owned by public are about 115.00M shares, out of which, 113.80M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 23 analysts are covering the XPO stock and their offered price forecasts bring an average price target of $90.30. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $105.00 and could fall to a lowest price of $70.00. The stock’s current price level is 10.92% above of average price target set by the analysts, while a rise to estimated low would result in loss of -14.91% for the stock. However, touching the estimated high of $105.00 would mean a gain of 23.39% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 23 times over the past 12 months. They bought 43,513 shares in 14 of the transactions. In 9 selling transactions, insiders dumped 15,918 shares.
American Funds AMCAP Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in XPO Inc American Funds AMCAP Fund is currently holding 3.84 million shares of worth totaling $290.89 million. The company recently came buying 2.9 million shares which brought its stake up to 3.31% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 3.45 million shares, have now control over 2.98% of the stake in the company. It holds 27523.0 shares of worth $261.52 million.
XPO Inc (NYSE: XPO) started trading at $81.29, below -$0.17 from concluding price of the previous day. However, the stock later moved at a day high price of 81.86, or with a loss of -1.25%. Stock saw a price change of -6.77% in past 5 days and over the past one month there was a price change of -0.84%. Year-to-date (YTD), XPO shares are showing a performance of 141.63% which increased to 123.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.02 but also hit the highest price of $90.78 during that period. The average intraday trading volume for XPO Inc shares is 1.62 million. The stock is currently trading -6.78% below its 20-day simple moving average (SMA20), while that difference is up 1.21% for SMA50 and it goes to 35.85% higher than SMA200.
The Vanguard Group, Inc. acquired 10.63 million shares of XPO Inc having value of about $805.93 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 53116.0 shares in the company valued at close to $4272651.04, or have control over 0.50% stake in the company. XPO Inc (NYSE: XPO) currently have 115.00M outstanding shares and institutions hold larger chunk of about 100.91% of that. Holding of mutual funds in the company is about 44.66% while other institutional holders and individual stake holders have control over 56.59% and 44.60% of the stake respectively.
The stock has a current market capitalization of $9.33B and its 3Y-monthly beta is at 2.11. PE ratio of stock for trailing 12 months is 278.53, while it has posted earnings per share of $0.29 in the same period. Its PEG reads 23.21 and has Quick Ratio of 1.06 while making debt-to-equity ratio of 2.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XPO, volatility over the week remained 5.05% while standing at 3.05% over the month.
Analysts are in expectations that XPO Inc (XPO) stock would likely to be making an EPS of $0.64 in the current quarter, while forecast for next quarter EPS is $0.72 and it is $3.68 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.47 which is $0.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.98 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -20.66% while it is estimated to increase by 31.55% in next year. EPS is likely to grow at an annualized rate of 12.00% for next 5-years, compared to annual growth of -3.65% made by the stock over the past 5-years.
Analysts at 23 brokerage firms have issued recommendations for the XPO Inc (XPO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.78. Out of those 23 Wall Street analysts, 14 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on December 06, 2023 offering an Outperform rating for the stock and assigned a target price range of between $87 and $96 to it.
