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

XPO (NYSE:XPO) had its price objective hoisted by Bank of America from $139.00 to $150.00 in a research note issued to investors on Monday morning,Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Other analysts have also issued research reports about the company. Raymond James Financial cut their price objective on XPO from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. TD Cowen cut their price objective on XPO from $136.00 to $133.00 and set a “buy” rating for the company in a report on Friday, June 27th. Susquehanna lifted 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. UBS Group boosted their price target on XPO from $108.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price target on XPO from $132.00 to $121.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

XPO Stock Up 0.2%

XPO stock opened at $132.47 on Monday. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.54 and a beta of 1.93. The stock has a fifty day simple moving average of $121.05 and a two-hundred day simple moving average of $120.80. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts predict that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its board has approved a stock buyback plan on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On XPO

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted 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 valued at $9,738,000 after purchasing an additional 27,034 shares during the last quarter. Renaissance Technologies LLC lifted its position in XPO by 40.0% during the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company’s stock valued at $31,138,000 after purchasing an additional 67,800 shares during the last quarter. Natixis Advisors LLC lifted its position in XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock valued at $8,054,000 after purchasing an additional 18,398 shares during the last quarter. Sowell Financial Services LLC bought a new position in XPO during the first quarter valued at $247,000. Finally, Invesco Ltd. lifted its holdings in shares of XPO by 29.6% in the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company’s stock worth $244,369,000 after acquiring an additional 425,678 shares during the last quarter. 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.