XPO (NYSE:XPO - Free Report) had its target price reduced by Barclays from $150.00 to $135.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the transportation company's stock.
Several other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 price target on the stock. Oppenheimer boosted their target price on shares of XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Stephens reiterated an "overweight" rating and set a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Truist Financial started coverage on shares of XPO in a research report on Thursday, March 13th. They issued a "buy" rating and a $130.00 price target on the stock. Finally, UBS Group upped their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $150.58.
Check Out Our Latest Analysis on XPO
XPO Price Performance
Shares of NYSE:XPO traded down $4.47 during midday trading on Wednesday, reaching $91.54. 3,823,534 shares of the company's stock were exchanged, compared to its average volume of 1,569,986. 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 company's 50 day simple moving average is $122.48 and its two-hundred day simple moving average is $129.47. XPO has a 12 month low of $85.17 and a 12 month high of $161.00. The firm has a market capitalization of $10.73 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly 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%. Equities research analysts expect 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 buyback program on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.
Insider Buying and Selling
In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.
Hedge Funds Weigh In On XPO
Several large investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new stake in XPO during the 4th quarter worth $29,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. lifted its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after buying an additional 130 shares during the period. Finally, Larson Financial Group LLC lifted its stake in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after buying an additional 76 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.
About XPO
(
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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.
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