Barclays Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price objective lowered by stock analysts at Barclays from $150.00 to $135.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would indicate a potential upside of 40.49% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Truist Financial started coverage on shares of XPO in a research report on Thursday, March 13th. They set a “buy” rating and a $130.00 price objective for the company. Raymond James lowered their price objective on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Susquehanna cut their target price on XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a research report on Monday. Stephens reissued an “overweight” rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Finally, Oppenheimer increased their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $152.37.

XPO Stock Down 13.7 %

XPO stock opened at $96.10 on Wednesday. The firm has a 50-day moving average price of $123.43 and a 200-day moving average price of $129.59. XPO has a 12 month low of $95.59 and a 12 month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $11.27 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping 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 research analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other XPO news, COO David J. Bates bought 1,880 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On XPO

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in XPO by 25.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock worth $2,972,000 after purchasing an additional 5,680 shares during the period. Townsquare Capital LLC bought a new position in shares of XPO in the third quarter valued at approximately $232,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in XPO by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company’s stock valued at $2,745,000 after acquiring an additional 381 shares in the last quarter. Centiva Capital LP increased its holdings in XPO by 49.5% during the 3rd quarter. Centiva Capital LP now owns 4,754 shares of the transportation company’s stock worth $511,000 after acquiring an additional 1,574 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in XPO by 30.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock worth $535,000 after purchasing an additional 1,168 shares in the last quarter. 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.