XPO (NYSE:XPO) to Buyback $750.00 million in Outstanding Stock

XPO (NYSE:XPO - Get Free Report) declared that its Board of Directors has initiated a share buyback plan on Thursday, March 27th, RTT News reports. The company plans to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

XPO has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of XPO from $165.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. 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 price target on the stock. Susquehanna cut their price objective on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research note on Monday. Raymond James reduced their target price on XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, Benchmark upped their price target on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $153.16.

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XPO Stock Performance

Shares of NYSE XPO traded down $0.22 during midday trading on Monday, hitting $106.88. 249,572 shares of the company's stock were exchanged, compared to its average volume of 1,540,907. XPO has a twelve month low of $97.03 and a twelve month high of $161.00. The firm has a market cap of $12.53 billion, a P/E ratio of 33.01, a PEG ratio of 1.79 and a beta of 2.13. The stock's 50 day moving average price is $125.98 and its 200-day moving average price is $129.96. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

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

Insider Activity

In other XPO news, COO David J. Bates bought 1,880 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% 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.