XPO (NYSE:XPO) Price Target Cut to $135.00 by Analysts at Jefferies Financial Group

XPO (NYSE:XPO) had its target price cut by Jefferies Financial Group from $170.00 to $135.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the stock. Bank of America decreased their price objective on shares of XPO from $150.00 to $131.00 and set a “buy” rating for the company in a report on Friday, March 28th. UBS Group decreased their price target on XPO from $170.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group boosted their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Susquehanna lowered their target price on XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a report on Monday, March 31st. Finally, Oppenheimer decreased their price target on shares of XPO from $176.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $140.16.

XPO Stock Performance

Shares of NYSE:XPO traded down $8.43 during trading on Wednesday, hitting $97.13. 1,551,972 shares of the company traded hands, compared to its average volume of 1,597,165. 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 business’s fifty day moving average is $118.47 and its 200-day moving average is $128.92. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.79 and a beta of 2.05. XPO has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, equities analysts predict that XPO will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now 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 can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its position in XPO by 57.3% during the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company’s stock worth $9,738,000 after buying an additional 27,034 shares in the last quarter. Stifel Financial Corp lifted its position in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in XPO in the 3rd quarter valued at $534,000. Natixis Advisors LLC grew its position 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 acquiring an additional 18,398 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in XPO during the fourth quarter worth $423,000. 97.73% of the stock is currently 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.