XPO (NYSE:XPO) Price Target Raised to $116.00

XPO (NYSE:XPO) had its price target increased by Evercore ISI from $115.00 to $116.00 in a research report report published on Thursday,Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company cut their target price on XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Benchmark lifted their target price on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Thursday, March 6th. Stephens reaffirmed an “overweight” rating and issued a $171.00 price objective on shares of XPO in a research report on Wednesday, March 5th. Finally, Raymond James dropped their target price on shares of XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $135.79.

XPO Trading Up 5.6 %

Shares of XPO stock opened at $109.80 on Thursday. The stock has a market capitalization of $12.93 billion, a PE ratio of 33.99, a price-to-earnings-growth 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 stock has a 50 day moving average price of $104.98 and a two-hundred day moving average price of $127.49. 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 Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $0.81 EPS. XPO’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has approved 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 reacquire 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.

Insider Buying and Selling

In other news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction dated 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 transaction, the chief operating officer now directly 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors raised its holdings in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in XPO in the fourth quarter valued at approximately $231,667,000. Capital World Investors lifted its position in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. Norges Bank purchased a new position in XPO in the 4th quarter worth approximately $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO in the 4th quarter worth $163,938,000. Hedge funds and other institutional investors 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.