XPO (NYSE:XPO) Price Target Lowered to $135.00 at Barclays

XPO (NYSE:XPO) had its target price cut by investment analysts at Barclays from $150.00 to $135.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target indicates a potential upside of 23.19% from the stock’s previous close.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group boosted their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Stephens reissued an “overweight” rating and set a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Raymond James lowered their price target on shares of XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. Finally, Oppenheimer upped their price objective on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $152.37.

XPO Trading Up 0.4 %

Shares of XPO stock traded up $0.41 during mid-day trading on Wednesday, reaching $109.59. The company’s stock had a trading volume of 68,762 shares, compared to its average volume of 1,586,570. 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 capitalization of $12.85 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company’s 50 day simple moving average is $124.79 and its 200-day simple moving average is $129.96. XPO has a 12-month low of $97.03 and a 12-month high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, research analysts predict that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its board has initiated a share buyback program on Thursday, March 27th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On XPO

Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new stake in XPO in the third quarter valued at $534,000. Natixis Advisors LLC boosted its holdings in shares of XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock valued at $8,054,000 after acquiring an additional 18,398 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of XPO in the 4th quarter worth about $423,000. Finally, JPMorgan Chase & Co. boosted its stake in XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the period. 97.73% of the stock is owned by institutional investors.

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.