XPO (NYSE:XPO) Price Target Lowered to $125.00 at Raymond James

XPO (NYSE:XPO - Free Report) had its price target cut by Raymond James from $165.00 to $125.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the transportation company's stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company cut their price target on shares of XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Bank of America dropped their target price on shares of XPO from $150.00 to $131.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 price objective on the stock. Finally, Truist Financial assumed coverage on XPO in a report on Thursday, March 13th. They issued a "buy" rating and a $130.00 target price for the company. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $140.16.

XPO Trading Down 3.7 %

Shares of XPO stock traded down $3.61 during trading on Tuesday, hitting $93.69. The stock had a trading volume of 2,098,766 shares, compared to its average volume of 1,610,205. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $11.03 billion, a PE ratio of 29.00, 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. The firm's fifty day simple moving average is $117.09 and its 200-day simple moving average is $128.66.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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, sell-side analysts expect that XPO will post 4.15 EPS for the current fiscal year.

XPO announced that its board has approved a share buyback plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On XPO

A number of large investors have recently modified their holdings of XPO. Quantinno Capital Management LP boosted its stake in XPO by 30.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company's stock worth $535,000 after purchasing an additional 1,168 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock worth $7,569,000 after buying an additional 43,237 shares during the last quarter. State Street Corp lifted its stake in shares of XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock worth $373,903,000 after buying an additional 37,486 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of XPO by 21.2% during the third quarter. Orion Portfolio Solutions LLC now owns 3,114 shares of the transportation company's stock valued at $335,000 after buying an additional 544 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of XPO by 8.9% in the 3rd quarter. MML Investors Services LLC now owns 2,159 shares of the transportation company's stock valued at $232,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors 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.