Raymond James Cuts XPO (NYSE:XPO) Price Target to $125.00

XPO (NYSE:XPO) had its target price decreased by Raymond James from $165.00 to $125.00 in a research note released on Tuesday,Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.

XPO has been the subject of a number of other reports. Benchmark lifted their target price on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays cut their price objective on shares of XPO from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO presently has an average rating of “Buy” and an average target price of $140.16.

XPO Stock Down 7.7 %

Shares of XPO opened at $97.40 on Tuesday. The firm has a market capitalization of $11.47 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.79 and a beta of 2.05. XPO has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a fifty day moving average price of $117.85 and a 200-day moving average price of $128.80. 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 (NYSE:XPO) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 expect that XPO will post 4.15 earnings per share for the current year.

XPO declared that its board has initiated 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 reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at XPO

In related news, COO David J. Bates acquired 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased 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 of the company’s stock, valued at $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Trading of XPO

Several large investors have recently added to or reduced their stakes in XPO. Versant Capital Management Inc purchased a new position in shares of XPO in the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock worth $26,000 after buying an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. lifted its stake in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

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.