XPO Stock Summary and Trading Ideas (Xpo | NYSE:XPO)

Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. On a pro forma basis for the November RXO spinoff, we estimate LTL shipping now makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. That said, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.

Xpo trades on the NYSE stock market under the symbol XPO.

As of April 18, 2024, XPO stock price declined to $115.37 with 1,265,621 million shares trading.

XPO has a beta of 2.05, meaning it tends to be more sensitive to market movements. XPO has a correlation of 0.22 to the broad based SPY ETF.

XPO has a market cap of $13.40 billion. This is considered a Large Cap stock.

Last quarter Xpo reported $2 billion in Revenue and $.77 earnings per share. This beat revenue expectation by $20 million and exceeded earnings estimates by $.15.

In the last 3 years, XPO stock traded as high as $153.45 and as low as $29.02.

The top ETF exchange traded funds that XPO belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

XPO has outperformed the market in the last year with a return of +238.6%, while the SPY ETF gained +22.3%. In the last 3 month period, XPO beat the market returning +42.0%, while SPY returned +6.1%. However, in the most recent 2 weeks XPO has underperformed the stock market by returning -6.7%, while SPY returned -3.8%.

XPO support price is $116.20 and resistance is $121.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XPO stock will trade within this expected range on the day.