Analysts Set XPO, Inc. (NYSE:XPO) PT at $139.89

XPO, Inc. (NYSE:XPO - Get Free Report) has earned a consensus rating of "Buy" from the nineteen research firms that are covering the firm, Marketbeat reports. Nineteen investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $139.89.

Several brokerages recently commented on XPO. Susquehanna dropped their price target on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research report on Monday, March 31st. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 price target for the company. Truist Financial began coverage on shares of XPO in a research report on Thursday, March 13th. They set a "buy" rating and a $130.00 price target on the stock. Citigroup decreased their price target on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group dropped their target price on shares of XPO from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

XPO Price Performance

Shares of XPO stock traded up $3.18 during trading hours on Tuesday, hitting $96.67. 1,028,658 shares of the company's stock were exchanged, compared to its average volume of 1,614,620. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a market cap of $11.39 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.79 and a beta of 2.05. 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 50 day moving average of $112.17 and a two-hundred day moving average of $128.21.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS 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%. Sell-side analysts forecast that XPO will post 4.15 EPS for the current year.

XPO declared that its Board of Directors has initiated a stock repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions at XPO

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

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the stock. Argent Trust Co lifted its holdings in shares of XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after purchasing an additional 75 shares in the last quarter. Larson Financial Group LLC raised its position in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the last quarter. Scientech Research LLC lifted its stake in XPO by 0.9% in the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after buying an additional 84 shares in the last quarter. UMB Bank n.a. grew its holdings in XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after buying an additional 86 shares during the last quarter. Finally, SageView Advisory Group LLC increased its position in XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after buying an additional 96 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.