XPO and RXO stocks are severely overvalued: buy, sell, or hold?
XPO and RXO stocks have done well this year as they continued beating the S&P 500 index. XPO has risen by over 30% while RXO has jumped by 22.35%.
XPO, Inc.: Service Excellence And Strategic Network Capacity Investments Bearing Fruit
XPO's commitment to improving service quality continues to drive positive results, as damage claims reached record lows while yield reached record highs. The Company continues to invest in its network capacity, driving down the average age of tractors to 4 years. With a lower average age and higher efficiency, maintenance costs were reduced. Of the 28 service centres XPO acquired, 14 have already opened, with another 10 planned to open in 2H24. The remaining four will open in early 2025.
1 Industrial Stock to Buy Hand Over Fist in August
XPO's initiatives to improve customer satisfaction and expand capacity are paying off. Its North American adjusted operating ratio improved by 440 basis points.
XPO (XPO) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for XPO (XPO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
XPO Earnings Show U.S. Manufacturing Improved. Shares Rise.
The logistics firm reported a strong second quarter, It's a sign of stabilizing demand in the wider economy.
Seeking Clues to XPO (XPO) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for XPO (XPO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Quadrant Capital Group LLC Has $223,000 Holdings in XPO, Inc. (NYSE:XPO)
Quadrant Capital Group LLC boosted its stake in XPO, Inc. (NYSE:XPO – Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,542 shares of the transportation company’s stock after purchasing an additional 217 shares during the period. Quadrant Capital Group LLC’s holdings in XPO were worth $223,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. grew its position in shares of XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after buying an additional 211 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in shares of XPO in the third quarter worth approximately $43,000. GAMMA Investing LLC bought a new stake in XPO in the fourth quarter valued at approximately $46,000. Fifth Third Bancorp boosted its holdings in XPO by 37.3% in the third quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 199 shares during the last quarter. Finally, Quent Capital LLC increased its position in XPO by 33.5% during the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 183 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In XPO has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of XPO from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $75.00 to $80.00 in a research report on Monday, February 12th. Bank of America boosted their target price on shares of XPO from $137.00 to $139.00 and gave the company a “buy” rating in a report on Monday, April 15th. TD Cowen increased their price target on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group boosted their price objective on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Oppenheimer upped their target price on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.95. View Our Latest Stock Report on XPO Insider Buying and Selling at XPO In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company’s stock. XPO Trading Down 1.6 % Shares of XPO stock opened at $110.20 on Monday. The company has a market capitalization of $12.82 billion, a P/E ratio of 54.02, a price-to-earnings-growth ratio of 2.54 and a beta of 2.17. The stock has a fifty day simple moving average of $118.81 and a 200 day simple moving average of $103.12. XPO, Inc. has a 12-month low of $45.24 and a 12-month high of $130.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. XPO (NYSE:XPO – Get Free Report) last posted its earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that XPO, Inc. will post 3.61 earnings per share for the current fiscal year. About XPO (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. See Also Five stocks we like better than XPO How to Find Undervalued Stocks Canada Goose Flies Higher Driven By DTC Growth Bank Stocks – Best Bank Stocks to Invest In CVS Health Stock Has a Silver Lining Called Value 3 Natural Gas Stocks That Offer Great Dividend Yields Magnificent 7 Still Magnificent as the Halfway Mark Approaches?
