Barclays Cuts XPO (NYSE:XPO) Price Target to $135.00

XPO (NYSE:XPO - Free Report) had its target price decreased by Barclays from $150.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the transportation company's stock.

A number of other equities research analysts also recently issued reports on the company. Stephens reissued an "overweight" rating and set a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on shares of XPO from $170.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 target price on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, Susquehanna reduced their price objective on XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research note on Monday, March 31st. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $150.58.

XPO Price Performance

Shares of XPO traded down $1.84 during trading hours on Wednesday, reaching $89.71. 1,150,865 shares of the company traded hands, compared to its average volume of 1,569,487. The stock has a market capitalization of $10.52 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The stock has a fifty day simple moving average of $122.48 and a 200 day simple moving average of $129.73. XPO has a fifty-two week low of $83.53 and a fifty-two week 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.

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

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

Insider Buying and Selling at XPO

In other news, COO David J. Bates bought 1,880 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its stake in shares of XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after acquiring an additional 113 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of XPO in the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. raised its holdings in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares during the period. Finally, Larson Financial Group LLC lifted its stake in XPO by 25.6% during 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 in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

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.