Oppenheimer Lowers XPO (NYSE:XPO) Price Target to $126.00

XPO (NYSE:XPO) had its target price trimmed by Oppenheimer from $142.00 to $126.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

XPO has been the subject of a number of other reports. Raymond James lowered their price target on shares of XPO from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. UBS Group raised their target price on XPO from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus dropped their target price on XPO from $147.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Benchmark increased their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Evercore ISI lifted their price objective on XPO from $115.00 to $116.00 and gave the stock an “outperform” rating in a report on Thursday. Nineteen investment 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 price target of $135.79.

XPO Trading Up 5.6 %

Shares of XPO opened at $109.80 on Thursday. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The stock’s 50-day moving average is $104.98 and its two-hundred day moving average is $127.49. 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 cap of $12.93 billion, a PE ratio of 33.99, a P/E/G ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $0.81 EPS. XPO’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, COO David J. Bates bought 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought 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 owns 21,106 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its stake in XPO by 57.3% in the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company’s stock valued at $9,738,000 after buying an additional 27,034 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of XPO by 40.0% in the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company’s stock worth $31,138,000 after acquiring an additional 67,800 shares during the period. Natixis Advisors LLC lifted its position in XPO by 42.8% in the 4th 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. Exchange Traded Concepts LLC acquired a new position in XPO during the 4th quarter valued at about $423,000. Finally, Invesco Ltd. grew its position in 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 purchasing an additional 425,678 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Company Profile

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.