Shares of XPO, Inc. (NYSE:XPO) reached a new 52-week high on Monday, trading at a peak of $158.57 before closing at $156.11, with a trading volume of 434,279 shares. This marks a significant increase from the previous closing price of $148.11.
Analyst evaluations have played a crucial role in this stock surge. On December 2, Bank of America raised its target price for XPO from $151.00 to $158.00 and affirmed a “buy” rating. This followed earlier assessments, including a target price of $145.00 set by Truist Financial on October 14. Conversely, Citigroup downgraded its rating from “buy” to “neutral” while increasing its price objective from $164.00 to $171.00 on January 7. In a similar vein, Susquehanna adjusted its price target down to $160.00 but maintained a “positive” rating as of January 5, while Raymond James Financial increased their target from $132.00 to $150.00, giving the stock an “outperform” rating.
The consensus among analysts indicates a positive outlook for XPO. Currently, one investment analyst rates the stock as a Strong Buy, seventeen have issued Buy ratings, four have assigned a Hold rating, and two have given a Sell rating. According to data from MarketBeat, the average rating stands at “Moderate Buy,” with an average target price of $153.29.
Institutional Interest Grows
Recent activity among institutional investors highlights growing confidence in XPO. During the first quarter, Amundi increased its stake in XPO by 50.7%, owning 5,412 shares valued at approximately $582,000 after purchasing an additional 1,820 shares. AQR Capital Management LLC also expanded its investment, boosting its shares by 7.6% to 17,654 shares worth about $1,856,000.
Other notable changes include NewEdge Advisors LLC, which increased its holdings by 3.2%, and Farther Finance Advisors LLC, which grew its position by 63.2% in the second quarter. Janney Montgomery Scott LLC also raised its stake by 8.1%, now owning 37,900 shares valued at approximately $4,786,000. Overall, institutional investors and hedge funds currently own 97.73% of XPO stock.
About XPO
XPO Logistics, Inc. is a prominent global provider of transportation and logistics services. The company offers a comprehensive range of solutions aimed at optimizing supply chains for businesses of various sizes. Its operations encompass freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics, and global forwarding. XPO utilizes advanced technology and operational expertise to enhance efficiency, visibility, and reliability across supply chain networks.
In the freight brokerage segment, XPO connects shippers with a network of carriers through digital platforms that facilitate rate comparisons, bookings, tracking, and settlements. This strategic focus on technology positions XPO as a leader in the logistics sector.
As the market continues to respond to analyst recommendations and institutional investments, XPO appears well-positioned for sustained growth in the coming months.
