XPO, Inc. (NYSE:XPO) Receives $139.89 Average PT from Brokerages

XPO, Inc. (NYSE:XPO) has earned a consensus rating of “Buy” from the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Nineteen research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $139.89.

Several equities research analysts have recently issued reports on XPO shares. Citigroup lowered their price objective on XPO from $148.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Oppenheimer dropped their price objective on shares of XPO from $176.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. UBS Group reduced their target price on shares of XPO from $170.00 to $108.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus dropped their price target 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, Jefferies Financial Group reduced their price objective on shares of XPO from $170.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th.

XPO Stock Performance

NYSE:XPO opened at $93.93 on Tuesday. 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 company has a market cap of $11.06 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 1.79 and a beta of 2.05. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. The stock’s 50 day simple moving average is $111.16 and its two-hundred day simple moving average is $128.28.

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 net margin of 4.81% and a return on equity of 30.36%. As a group, equities analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has initiated a share buyback plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at XPO

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its holdings in shares of XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 113 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of XPO in the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. grew its holdings in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after buying an additional 130 shares during the last quarter. Finally, Larson Financial Group LLC increased its position 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 period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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.