XPO (NYSE:XPO) Hits New 52-Week Low on Analyst Downgrade

XPO, Inc. (NYSE:XPO - Get Free Report) hit a new 52-week low during trading on Thursday after Oppenheimer lowered their price target on the stock from $176.00 to $142.00. Oppenheimer currently has an outperform rating on the stock. XPO traded as low as $96.09 and last traded at $97.13, with a volume of 1434639 shares traded. The stock had previously closed at $111.31.

XPO has been the subject of a number of other research reports. Truist Financial began coverage on shares of XPO in a report on Thursday, March 13th. They set a "buy" rating and a $130.00 price target for the company. Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Thursday, March 6th. Stephens reissued an "overweight" rating and set a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Raymond James reduced their price objective on XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, Bank of America lowered their target price on XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $150.58.

Insiders Place Their Bets

In other news, COO David J. Bates bought 1,880 shares of the 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 approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.00% of the company's stock.

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Institutional Trading of XPO

A number of large investors have recently bought and sold shares of XPO. Stifel Financial Corp increased 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 worth $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management bought a new position in XPO during the third quarter worth $534,000. LPL Financial LLC grew its holdings in XPO by 57.3% in the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after purchasing an additional 27,034 shares during the period. Natixis Advisors LLC increased its stake in XPO by 42.8% in the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock valued at $8,054,000 after purchasing an additional 18,398 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of XPO during the fourth quarter valued at about $423,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

The company has a 50 day moving average price of $122.48 and a 200 day moving average price of $129.73. The company 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. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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 research analysts predict that XPO, Inc. 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 allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

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.