Citigroup Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO - Get Free Report) had its price target cut by research analysts at Citigroup from $148.00 to $113.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Citigroup's price objective points to a potential upside of 20.62% from the stock's previous close.

Several other equities analysts have also recently weighed in on the company. Bank of America cut their price objective on XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Stephens reissued an "overweight" rating and issued a $171.00 price objective on shares of XPO in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 target price on the stock. Jefferies Financial Group increased their price target on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Oppenheimer dropped their price objective on shares of XPO from $176.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $140.16.

XPO Stock Performance

XPO stock traded down $3.61 during trading hours on Tuesday, reaching $93.69. 2,098,766 shares of the company were exchanged, compared to its average volume of 1,613,842. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a 50-day moving average of $117.09 and a 200 day moving average of $128.66. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.79 and a beta of 2.05.

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

XPO announced that its Board of Directors has initiated a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other XPO news, COO David J. Bates purchased 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently bought and sold shares of XPO. MassMutual Private Wealth & Trust FSB raised its holdings in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after buying an additional 113 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of XPO in the fourth quarter worth about $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO during the fourth quarter worth approximately $42,000. Cullen Frost Bankers Inc. lifted its position in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of XPO by 25.6% during 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 last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

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.