XPO (NYSE:XPO) Price Target Cut to $130.00 by Analysts at Wells Fargo & Company

XPO (NYSE:XPO - Get Free Report) had its target price cut by Wells Fargo & Company from $170.00 to $130.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price target indicates a potential upside of 21.08% from the company's current price.

A number of other research firms have also commented on XPO. Oppenheimer lifted their price objective on XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 price target on the stock. Bank of America reduced their price objective on XPO from $170.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Benchmark upped their target price 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. Finally, Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Thursday, March 6th. Nineteen equities 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 price target of $155.37.

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XPO Stock Performance

XPO traded down $5.85 on Thursday, hitting $107.36. The company had a trading volume of 1,722,581 shares, compared to its average volume of 1,545,963. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. 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 company's fifty day moving average price is $125.98 and its 200 day moving average price is $129.77. XPO has a 1-year low of $97.03 and a 1-year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.81% and a return on equity of 30.36%. Equities analysts predict that XPO will post 4.15 earnings per share for the current fiscal year.

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

Insider Transactions at XPO

In other news, COO David J. Bates purchased 1,880 shares of XPO 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 in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in XPO during the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. increased its stake in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after buying an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in XPO during the 3rd quarter worth about $57,000. 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.