XPO (NYSE:XPO) Price Target Lowered to $142.00 at Oppenheimer

XPO (NYSE:XPO) had its price objective decreased by analysts at Oppenheimer from $176.00 to $142.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s target price would indicate a potential upside of 55.12% from the company’s current price.

A number of other equities research analysts also recently commented on XPO. Wells Fargo & Company dropped 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. Truist Financial initiated coverage on shares of XPO in a research report on Thursday, March 13th. They issued a “buy” rating and a $130.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays reduced their price target on shares of XPO from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Stephens reissued an “overweight” rating and issued a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO presently has a consensus rating of “Buy” and a consensus price target of $150.58.

XPO Trading Down 4.7 %

Shares of XPO opened at $91.54 on Friday. The stock’s fifty day simple moving average is $122.48 and its 200-day simple moving average is $129.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $10.73 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. XPO has a 12-month low of $85.06 and a 12-month high of $161.00.

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 net margin of 4.81% and a return on equity of 30.36%. As a group, research analysts predict that XPO will post 4.15 earnings per share for the current year.

XPO declared that its board has authorized a share repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows 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.

Insider Activity at XPO

In related news, COO David J. Bates purchased 1,880 shares of the stock in a transaction 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 acquisition, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On XPO

A number of large investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings 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 purchasing an additional 113 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of XPO by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,501 shares of the transportation company’s stock valued at $2,033,000 after purchasing an additional 111 shares during the period. Empirical Capital Management LLC raised its holdings in shares of XPO by 12.0% during the fourth quarter. Empirical Capital Management LLC now owns 56,000 shares of the transportation company’s stock valued at $7,344,000 after purchasing an additional 6,000 shares during the period. Amiral Gestion bought a new stake in XPO during the 4th quarter valued at $708,000. Finally, Vise Technologies Inc. bought a new stake in XPO during the fourth quarter worth $241,000. 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.