Susquehanna Lowers XPO (NYSE:XPO) Price Target to $138.00

XPO (NYSE:XPO - Free Report) had its price target cut by Susquehanna from $180.00 to $138.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a positive rating on the transportation company's stock.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 target price for the company in a research report on Monday, February 24th. Raymond James reduced their price objective on XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company lowered their target price on XPO from $170.00 to $130.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Truist Financial started coverage on XPO in a research note on Thursday, March 13th. They set a "buy" rating and a $130.00 price target for the company. Finally, Vertical Research raised 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. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO currently has a consensus rating of "Buy" and an average price target of $153.16.

XPO Stock Up 1.5 %

Shares of XPO stock traded up $1.58 during midday trading on Monday, hitting $109.16. The company's stock had a trading volume of 1,260,812 shares, compared to its average volume of 1,548,531. The firm has a market capitalization of $12.80 billion, a P/E ratio of 33.79, a PEG ratio of 1.79 and a beta of 2.13. XPO has a 1-year low of $97.03 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 stock has a 50-day simple moving average of $124.79 and a 200-day simple moving average of $129.96.

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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, beating 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 earnings per share for the current year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other XPO news, COO David J. Bates purchased 1,880 shares of the company's stock in a transaction 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 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 legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently modified their holdings of XPO. Capital Research Global Investors boosted its holdings in XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares during the period. Vanguard Group Inc. raised its position in shares of XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock valued at $1,447,231,000 after buying an additional 79,393 shares during the last quarter. Capital World Investors lifted its stake in shares of XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after buying an additional 1,605,001 shares during the period. State Street Corp grew its position in 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 in the last quarter. Finally, FMR LLC increased its stake in XPO by 3.6% during the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock valued at $341,812,000 after acquiring an additional 91,252 shares during the period. Institutional investors and hedge funds 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.