Jefferies Financial Group Issues Pessimistic Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO - Get Free Report) had its price objective lowered by Jefferies Financial Group from $170.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Jefferies Financial Group's price objective suggests a potential upside of 41.72% from the stock's previous close.

Several other research analysts have also weighed in on XPO. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 price objective on the stock in a research note on Monday, February 24th. Wells Fargo & Company cut their price objective on XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Thursday, March 6th. Barclays cut their price target on XPO from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, Bank of America lowered their price target on XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $139.89.

XPO Trading Up 1.6 %

XPO traded up $1.48 during trading on Wednesday, reaching $95.26. The company had a trading volume of 620,510 shares, compared to its average volume of 1,609,990. The firm's 50-day simple moving average is $117.09 and its 200 day simple moving average is $128.78. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.79 and a beta of 2.05. XPO has a 12-month low of $85.06 and a 12-month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that XPO will post 4.15 earnings per share for the current year.

XPO announced that its board has authorized a stock repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Insider Transactions at XPO

In related news, COO David J. Bates purchased 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently made changes to their positions in XPO. MassMutual Private Wealth & Trust FSB increased its stake 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 in the last quarter. Versant Capital Management Inc acquired a new stake in XPO during the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. boosted its position in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Company Profile

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.