XPO (NYSE:XPO) Hits New 52-Week Low on Analyst Downgrade

XPO, Inc. (NYSE:XPO) shares hit a new 52-week low during trading on Thursday after Oppenheimer lowered their price target on the stock from $176.00 to $142.00. Oppenheimer currently has an outperform rating on the stock. XPO traded as low as $96.09 and last traded at $97.13, with a volume of 1434639 shares trading hands. The stock had previously closed at $111.31.

Other analysts also recently issued reports about the stock. Stephens restated an “overweight” rating and set a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their target price on XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Bank of America cut their target price on XPO from $150.00 to $131.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Raymond James lowered their price target on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, Benchmark upped their price objective on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has a consensus rating of “Buy” and an average price target of $150.58.

Insider Buying and Selling

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in XPO by 25.9% in the third quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock valued at $2,972,000 after purchasing an additional 5,680 shares in the last quarter. Townsquare Capital LLC bought a new stake in XPO in the third quarter worth approximately $232,000. Centiva Capital LP increased its stake in shares of 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 purchasing an additional 1,574 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of XPO by 30.6% during the 3rd quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock valued at $535,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

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 stock has a market capitalization of $10.73 billion, a P/E ratio of 28.34, a PEG ratio of 1.79 and a beta of 2.13. The stock’s fifty day moving average is $122.48 and its 200-day moving average is $129.47.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has authorized a stock repurchase program 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.