UBS Group Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO - Free Report) had its price objective decreased by UBS Group from $170.00 to $108.00 in a research report report published on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company's stock.

A number of other research analysts have also issued reports on the company. Citigroup dropped their target price on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 price target on the stock in a research note on Monday, February 24th. Finally, Bank of America reduced their price objective on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $140.16.

XPO Stock Performance

NYSE:XPO traded down $3.61 during trading hours on Tuesday, reaching $93.69. 2,098,766 shares of the company's stock were exchanged, compared to its average volume of 1,613,842. XPO has a 1-year low of $85.06 and a 1-year 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. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.79 and a beta of 2.05. The company has a 50-day moving average of $117.09 and a 200 day moving average of $128.66.

XPO (NYSE:XPO - Get Free Report) last announced its 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 net margin of 4.81% and a return on equity of 30.36%. Research analysts anticipate that XPO will post 4.15 EPS for the current 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 shares. This repurchase authorization permits the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents 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 hyperlink. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On XPO

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its position in XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after buying an additional 113 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of XPO during the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO during the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in XPO by 25.6% in the 4th 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 in the last quarter. Hedge funds and other institutional investors 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.