XPO Logistics Inc. (NYSE: XPO) stock fell -4.84% on Friday to $55.08 against a previous-day closing price of $57.88. With 1.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.45 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $57.56 whereas the lowest price it dropped to was $54.80. The 52-week range on XPO shows that it touched its highest point at $90.78 and its lowest point at $45.09 during that stretch. It currently has a 1-year price target of $82.22. Beta for the stock currently stands at 2.07.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XPO was down-trending over the past week, with a drop of -6.71%, but this was up by 14.63% over a month. Three-month performance surged to 8.28% while six-month performance fell -13.37%. The stock lost -34.85% in the past year, while it has lost -28.86% so far this year. A look at the trailing 12-month EPS for XPO yields 6.50 with Next year EPS estimates of 5.75. For the next quarter, that number is 1.39. This implies an EPS growth rate of 679.30% for this year and 0.12% for next year. EPS is expected to grow by 13.21% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 39.90%.
Float and Shares Shorts:
At present, 115.00 million XPO shares are outstanding with a float of 113.22 million shares on hand for trading. In addition to Mr. Bradley S. Jacobs as the firm’s Chairman & CEO, Mr. Ravi Tulsyan serves as its Sr. VP & CFO.
Institutional Ownership:
Through their ownership of 92.95% of XPO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.41% of XPO, in contrast to 39.18% held by mutual funds. Shares owned by individuals account for 33.90%. As the largest shareholder in XPO with 8.72% of the stake, Orbis Investment Management Ltd. holds 10,028,196 shares worth 10,028,196. A second-largest stockholder of XPO, The Vanguard Group, Inc., holds 9,257,509 shares, controlling over 8.05% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in XPO, holding 7,875,734 shares or 6.85% stake. With a 2.81% stake in XPO, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,225,946 shares are owned by the mutual fund manager. The Orbis Global Equity Fund, which owns about 2.76% of XPO stock, is the second-largest Mutual Fund holder. It holds 3,174,941 shares valued at 152.91 million. iShares Core S&P Mid Cap ETF holds 2.48% of the stake in XPO, owning 2,847,825 shares worth 137.15 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XPO since 26 analysts follow the stock currently. There are 21 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With XPO analysts setting a high price target of $96.00 and a low target of $65.00, the average target price over the next 12 months is $80.74. Based on these targets, XPO could surge 74.29% to reach the target high and rise by 18.01% to reach the target low. Reaching the average price target will result in a growth of 46.59% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. XPO will report FY 2022 earnings on 02/07/2023. Analysts have provided yearly estimates in a range of $6.00 being high and $5.63 being low. For XPO, this leads to a yearly average estimate of $5.80. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. XPO Logistics Inc. surprised analysts by $0.30 when it reported $1.81 EPS against a consensus estimate of $1.51. The surprise factor in the prior quarter was $0.32. Based on analyst estimates, the high estimate for the next quarter is $1.43 and the low estimate is $1.28. The average estimate for the next quarter is thus $1.34.
Summary of Insider Activity:
Insiders traded XPO stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 106,471 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 38,937 while 17,452,737 shares were sold.
