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

XPO (NYSE:XPO) had its target price lowered by Barclays from $150.00 to $135.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. Bank of America cut their target price on shares of XPO from $150.00 to $131.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. increased their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Oppenheimer boosted their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Raymond James cut their price target on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Stephens reissued an “overweight” rating and issued a $171.00 price objective on shares of XPO in a research note on Wednesday, March 5th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $150.58.

XPO Stock Down 4.7 %

Shares of NYSE:XPO opened at $91.54 on Wednesday. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day moving average is $122.48 and its 200-day moving average is $129.47. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last issued its quarterly earnings results 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 return on equity of 30.36% and a net margin of 4.81%. Equities research analysts predict that XPO will post 4.15 earnings per share for the current year.

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

Insider Activity at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XPO. Stifel Financial Corp raised its stake 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 purchasing an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new stake in XPO in the third quarter worth about $534,000. Natixis Advisors LLC boosted 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 acquiring an additional 18,398 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of XPO during the 4th quarter valued at approximately $423,000. Finally, JPMorgan Chase & Co. grew its position in shares of 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 acquiring an additional 185,686 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.