XPO Inc. (NYSE: XPO) stock fell -0.89% on Monday to $70.41 against a previous-day closing price of $71.04. With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.86 million shares. During the session, the Trucking company that operates in wider Industrials sector, reached to the highest price of $71.50 whereas the lowest price it dropped to was $69.99. The 52-week range on XPO shows that it touched its highest point at $76.77 and its lowest point at $24.75 during that stretch. It currently has a 1-year price target of $77.17. Beta for the stock currently stands at 2.24.
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 -2.49%, but this was up by 1.27% over a month. Three-month performance surged to 36.45% while six-month performance rose 120.93%. The stock gained 139.51% in the past year, while it has gained 111.50% so far this year. A look at the trailing 12-month EPS for XPO yields 0.89 with Next year EPS estimates of 3.33. For the next quarter, that number is 0.61. This implies an EPS growth rate of 88.40% for this year and 37.50% for next year. EPS is expected to grow by 4.29% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.70%.
Float and Shares Shorts:
At present, 116.00 million XPO shares are outstanding with a float of 113.77 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.65 million, which was 5.73% higher than short shares on Jul 30, 2023. In addition to Mr. Bradley S. Jacobs as the firm’s Exec. Chairman, Mr. Mario A. Harik serves as its CEO & Director.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, XPO reported revenue of $3.23B and operating income of $275.00M. The EBITDA in the recently reported quarter was $405.00M and diluted EPS was $1.22.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XPO since 0 analysts follow the stock currently. 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 $88.00 and a low target of $61.00, the average target price over the next 12 months is $77.05. Based on these targets, XPO could surge 24.98% to reach the target high and fall by -13.36% to reach the target low. Reaching the average price target will result in a growth of 9.43% 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.
Summary of Insider Activity:
Insiders traded XPO stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 17,762 shares were bought while 8,231 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 38,568 while 14,262 shares were sold.