Wells Fargo & Company Lowers XPO (NYSE:XPO) Price Target to $130.00

XPO (NYSE:XPO) had its target price cut by Wells Fargo & Company from $170.00 to $130.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 21.08% from the company’s current price.

XPO has been the topic of a number of other reports. Jefferies Financial Group upped their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research note on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer upped their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Raymond James cut their price target on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $155.37.

XPO Stock Down 5.2 %

XPO stock opened at $107.36 on Thursday. The company has a market capitalization of $12.59 billion, a PE ratio of 33.24, a PEG ratio of 1.79 and a beta of 2.13. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The firm’s fifty day moving average is $125.98 and its 200 day moving average is $129.57. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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, sell-side analysts predict that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its board has approved a stock repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding 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 typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates acquired 1,880 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired 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 $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of XPO

Several hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc bought a new position in XPO in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO in the fourth quarter worth $42,000. Cullen Frost Bankers Inc. boosted its holdings in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after acquiring an additional 130 shares during the period. Larson Financial Group LLC grew its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of XPO during the 3rd quarter valued at $57,000. 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.