XPO (NYSE:XPO) Given New $138.00 Price Target at Susquehanna

by · The Cerbat Gem

XPO (NYSE:XPO – Free Report) had its price objective cut by Susquehanna from $180.00 to $138.00 in a report published on Monday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

XPO has been the subject of a number of other research reports. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Monday, February 24th. Raymond James cut their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Oppenheimer upped their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays reduced their price objective on XPO from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO has a consensus rating of “Buy” and an average price target of $152.37.

Get Our Latest Stock Report on XPO

XPO Stock Up 2.1 %

NYSE:XPO opened at $111.46 on Monday. 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 stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO has a 52 week low of $97.03 and a 52 week high of $161.00. The stock’s fifty day moving average is $124.29 and its two-hundred day moving average is $129.83.

XPO (NYSE:XPO – Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Research analysts anticipate that XPO will post 4.15 EPS for the current year.

XPO declared that its board has authorized a share repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at XPO

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Versant Capital Management Inc bought a new stake in shares of XPO in the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of XPO by 89.0% during the first 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 during the period. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO in the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares during the period. Finally, Larson Financial Group LLC lifted its stake in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Company Profile

(Get Free Report)

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.

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