XPO (NYSE:XPO) Given New $142.00 Price Target at Oppenheimer

XPO (NYSE:XPO - Get Free Report) had its price target decreased by analysts at Oppenheimer from $176.00 to $142.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Oppenheimer's target price suggests a potential upside of 34.99% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Raymond James dropped their target price on shares of XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Stephens restated an "overweight" rating and issued a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. Barclays cut their price objective on XPO from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a research report on Friday, March 7th. They issued a "buy" rating and a $156.00 target price for the company. Finally, Susquehanna dropped their price target on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research report on Monday, March 31st. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $140.16.

XPO Trading Up 15.0 %

Shares of NYSE XPO traded up $13.73 during trading hours on Friday, hitting $105.19. The company's stock had a trading volume of 5,503,104 shares, compared to its average volume of 1,595,157. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day simple moving average of $119.67 and a 200-day simple moving average of $129.14.

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 return on equity of 30.36% and a net margin of 4.81%. On average, analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

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

Insider Activity

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of XPO

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of XPO by 57.3% during the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after purchasing an additional 27,034 shares during the period. Stifel Financial Corp grew its position in XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock valued at $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new stake in XPO during the third quarter valued at approximately $534,000. Natixis Advisors LLC increased its holdings in XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock valued at $8,054,000 after buying an additional 18,398 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in XPO in the fourth quarter worth approximately $423,000. 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.