XPO (NYSE:XPO) Price Target Raised to $150.00

XPO (NYSE:XPO) had its price objective upped by Oppenheimer from $126.00 to $150.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the company. Stephens reissued an “overweight” rating and set a $131.00 price target on shares of XPO in a report on Thursday, June 5th. Bank of America boosted their target price on XPO from $139.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. reduced their target price on XPO from $132.00 to $121.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. TD Cowen cut their price target on XPO from $136.00 to $133.00 and set a “buy” rating for the company in a report on Friday, June 27th. Finally, Susquehanna upped their price objective on XPO from $138.00 to $145.00 and gave the stock a “positive” rating in a report on Wednesday, June 18th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.53.

XPO Price Performance

XPO stock opened at $132.47 on Monday. The company’s 50 day simple moving average is $121.05 and its 200-day simple moving average is $120.80. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 2.54 and a beta of 1.93. 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 2.03, a quick ratio of 1.02 and a current ratio of 1.02.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that XPO will post 4.15 earnings per share for the current year.

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

Institutional Trading of XPO

Large investors have recently modified their holdings of the business. Gilman Hill Asset Management LLC lifted its position in shares of XPO by 2.4% during the second quarter. Gilman Hill Asset Management LLC now owns 39,325 shares of the transportation company’s stock worth $4,966,000 after purchasing an additional 935 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 111 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in XPO by 24.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,347 shares of the transportation company’s stock worth $296,000 after buying an additional 456 shares during the last quarter. Voya Investment Management LLC grew its position in XPO by 3.0% in the first quarter. Voya Investment Management LLC now owns 61,037 shares of the transportation company’s stock worth $6,566,000 after buying an additional 1,797 shares during the last quarter. Finally, Anderson Financial Strategies LLC grew its position in XPO by 35.1% during the 1st quarter. Anderson Financial Strategies LLC now owns 12,703 shares of the transportation company’s stock worth $1,367,000 after purchasing an additional 3,301 shares in the last quarter. 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.