XPO (NYSE:XPO) Price Target Raised to $135.00

XPO (NYSE:XPO) had its price objective increased by Barclays from $125.00 to $135.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

XPO has been the subject of several other research reports. Citigroup reduced their target price on shares of XPO from $148.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Thursday, March 6th. Truist Financial reduced their target price on shares of XPO from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus reduced their target price on shares of XPO from $147.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of XPO from $132.00 to $121.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $134.89.

XPO Stock Performance

Shares of XPO stock opened at $120.65 on Monday. The firm has a market capitalization of $14.21 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.92. The firm has a fifty day simple moving average of $109.59 and a two-hundred day simple moving average of $124.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business posted $0.81 EPS. XPO’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

XPO announced that its board has authorized a stock buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Argent Trust Co lifted its stake in XPO by 1.9% during the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company’s stock worth $517,000 after purchasing an additional 75 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of XPO by 25.6% during the 4th 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. Scientech Research LLC lifted its position in XPO by 0.9% in the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock worth $1,291,000 after buying an additional 84 shares during the last quarter. SageView Advisory Group LLC lifted its position in XPO by 2.1% in the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock worth $607,000 after buying an additional 96 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in XPO by 1.3% in the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company’s stock worth $1,044,000 after buying an additional 100 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other 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.