XPO (NYSE:XPO) Price Target Lowered to $131.00 at Bank of America

XPO (NYSE:XPO - Free Report) had its target price trimmed by Bank of America from $150.00 to $131.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company's stock.

XPO has been the topic of several other reports. Oppenheimer increased their target price on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Stephens reissued an "overweight" rating and set a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their target price on XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price target on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has an average rating of "Buy" and a consensus price target of $153.16.

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XPO Trading Up 0.5 %

XPO stock traded up $0.51 during trading on Friday, hitting $107.60. The company had a trading volume of 1,637,130 shares, compared to its average volume of 1,546,326. The firm has a market capitalization of $12.61 billion, a P/E ratio of 33.31, a PEG ratio of 1.79 and a beta of 2.13. The company has a 50 day simple moving average of $125.98 and a 200-day simple moving average of $129.96. XPO has a 52-week low of $97.03 and a 52-week high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, research analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other XPO news, COO David J. Bates purchased 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On XPO

Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in XPO during the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO during the 4th quarter worth $42,000. Cullen Frost Bankers Inc. boosted its position in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in XPO during the third quarter worth about $57,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

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.