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

XPO (NYSE:XPO) had its price objective dropped by analysts at Citigroup from $148.00 to $113.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price indicates a potential upside of 7.42% from the stock’s current price.

A number of other research analysts also recently weighed in on XPO. Benchmark raised their price objective on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group raised their target price on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $171.00 price objective on shares of XPO in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price objective on XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has an average rating of “Buy” and a consensus target price of $140.16.

XPO Stock Performance

Shares of XPO opened at $105.19 on Tuesday. The company’s 50 day moving average price is $118.47 and its 200 day moving average price is $128.92. The company has a market capitalization of $12.33 billion, a PE ratio of 32.57, a PEG ratio of 1.79 and a beta of 2.05. XPO has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

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

XPO declared that its Board of Directors has approved a stock buyback program on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other XPO news, COO David J. Bates purchased 1,880 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On XPO

Several large investors have recently added to or reduced their stakes in XPO. MassMutual Private Wealth & Trust FSB grew its stake in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after buying an additional 113 shares during the period. Versant Capital Management Inc bought a new position in shares of XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO in the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. lifted its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in XPO by 25.6% during 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 during the last quarter. Institutional investors and hedge funds 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.