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

XPO (NYSE:XPO) had its price objective cut by Stifel Nicolaus from $147.00 to $142.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities research analysts also recently commented on the stock. Jefferies Financial Group cut their target price on shares of XPO from $170.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Oppenheimer reduced their price target on XPO from $176.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Citigroup decreased their target price on shares of XPO from $148.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Raymond James dropped their price target on shares of XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America lowered their target price on shares of XPO from $150.00 to $131.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $139.89.

XPO Stock Performance

XPO stock opened at $97.38 on Monday. The business’s 50-day moving average price is $116.30 and its two-hundred day moving average price is $128.68. The stock has a market cap of $11.47 billion, a PE ratio of 30.15, a P/E/G 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. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

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

XPO announced that its board has approved a share buyback 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 purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, COO David J. Bates bought 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, with a total value 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. The trade was a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On XPO

Institutional investors and hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock worth $26,000 after purchasing an additional 113 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of XPO in the fourth quarter worth about $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in XPO during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. lifted its stake in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in XPO by 25.6% in the 4th 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 period. 97.73% of the stock is owned by institutional investors.

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.