Oppenheimer Lowers XPO (NYSE:XPO) Price Target to $142.00

XPO (NYSE:XPO - Get Free Report) had its target price cut by stock analysts at Oppenheimer from $176.00 to $142.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the transportation company's stock. Oppenheimer's price objective suggests a potential upside of 54.42% from the stock's previous close.

Several other analysts also recently commented on XPO. Stephens reiterated an "overweight" rating and set a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. Susquehanna cut their price objective on shares of XPO from $180.00 to $138.00 and set a "positive" rating for the company in a research report on Monday, March 31st. Jefferies Financial Group lifted their price target on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 10th. Barclays dropped their price objective on XPO from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, UBS Group lifted their price target on shares of XPO from $159.00 to $170.00 and gave the company a "buy" rating in a report on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $150.58.

XPO Trading Up 0.4 %

Shares of XPO stock traded up $0.41 on Friday, hitting $91.96. 2,322,569 shares of the company's stock traded hands, compared to its average volume of 1,574,079. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 1.79 and a beta of 2.05. XPO has a one year low of $83.53 and a one year high of $161.00. The company's fifty day simple moving average is $121.55 and its 200 day simple moving average is $129.56. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

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

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

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in XPO by 25.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company's stock worth $2,972,000 after buying an additional 5,680 shares during the last quarter. Townsquare Capital LLC acquired a new position in XPO during the third quarter worth approximately $232,000. Centiva Capital LP grew its stake in shares of XPO by 49.5% during the 3rd quarter. Centiva Capital LP now owns 4,754 shares of the transportation company's stock valued at $511,000 after buying an additional 1,574 shares during the period. Quantinno Capital Management LP raised its position in shares of XPO by 30.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company's stock worth $535,000 after buying an additional 1,168 shares during the period. Finally, Stifel Financial Corp boosted its holdings in XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock valued at $7,569,000 after acquiring an additional 43,237 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.