Brokerages Set XPO, Inc. (NYSE:XPO) Target Price at $139.89

Shares of XPO, Inc. (NYSE:XPO) have been assigned a consensus recommendation of “Buy” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Nineteen research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $139.89.

Several equities analysts have issued reports on XPO shares. Oppenheimer dropped their target price on XPO from $176.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Jefferies Financial Group cut their price objective on XPO from $170.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on shares of XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus cut their price target on shares of XPO from $147.00 to $142.00 and set a “buy” rating for the company in a report on Monday. Finally, Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Thursday, March 6th.

XPO Price Performance

XPO stock opened at $96.67 on Tuesday. The business has a 50 day simple moving average of $113.20 and a 200-day simple moving average of $128.14. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. 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 $11.39 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05.

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

XPO announced that its Board of Directors has approved a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

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

Hedge Funds Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its holdings in XPO by 12.9% in the 1st quarter. QRG Capital Management Inc. now owns 4,245 shares of the transportation company’s stock valued at $457,000 after buying an additional 485 shares during the period. Sowell Financial Services LLC acquired a new position in XPO during the first quarter worth approximately $247,000. Brighton Jones LLC acquired a new position in shares of XPO in the 1st quarter valued at $361,000. Fifth Third Bancorp grew its stake in shares of XPO by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 1,196 shares of the transportation company’s stock valued at $129,000 after buying an additional 160 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of XPO by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company’s stock worth $192,000 after buying an additional 647 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.