XPO (NYSE:XPO) Price Target Cut to $142.00 by Analysts at Stifel Nicolaus

XPO (NYSE:XPO - Get Free Report) had its target price cut by equities research analysts at Stifel Nicolaus from $147.00 to $142.00 in a report released on Monday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' target price suggests a potential upside of 46.90% from the stock's current price.

Other analysts also recently issued research reports about the stock. Raymond James dropped their target price on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Citigroup lowered their target price on XPO from $148.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group cut their target price on shares of XPO from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Truist Financial assumed coverage on shares of XPO in a research report on Thursday, March 13th. They issued a "buy" rating and a $130.00 price target for the company. Finally, 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. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $139.89.

XPO Stock Performance

Shares of NYSE XPO traded up $3.18 during midday trading on Monday, reaching $96.67. 1,028,658 shares of the stock were exchanged, compared to its average volume of 1,612,982. 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 market cap of $11.39 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.79 and a beta of 2.05. The firm has a 50-day simple moving average of $112.17 and a two-hundred day simple moving average of $128.07. XPO has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. As a group, analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its board has authorized a share buyback 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On XPO

Hedge funds have recently made changes to their positions in the business. Capital Research Global Investors boosted its stake 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 worth $1,789,171,000 after buying an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of XPO in the 4th quarter valued at about $231,667,000. Capital World Investors grew its holdings in shares of XPO by 26.1% during the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the period. Norges Bank acquired a new stake in XPO during the 4th quarter worth approximately $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in XPO in the fourth quarter valued at approximately $163,938,000. Institutional investors and hedge funds 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.