XPO (NYSE:XPO) Price Target Raised to $150.00

XPO (NYSE:XPO - Get Free Report) had its price objective upped by Bank of America from $139.00 to $150.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Bank of America's target price would indicate a potential upside of 11.78% from the company's current price.

Other equities analysts have also issued reports about the stock. Truist Financial lifted their price objective on shares of XPO from $125.00 to $135.00 and gave the company a "buy" rating in a report on Monday, June 30th. Wells Fargo & Company cut their price objective on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Oppenheimer cut their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Barclays lifted their price objective on shares of XPO from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Finally, Citigroup cut their price objective on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $142.05.

XPO Trading Up 1.6%

XPO stock traded up $2.06 during midday trading on Monday, reaching $134.19. The stock had a trading volume of 912,093 shares, compared to its average volume of 1,624,969. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. XPO has a 52-week low of $85.06 and a 52-week high of $161.00. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.93. The company has a fifty day moving average of $121.05 and a 200 day moving average of $120.80.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. On average, analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

XPO announced that its board has approved a stock buyback program on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently made changes to their positions in XPO. Capital Research Global Investors lifted its stake in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after buying an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of XPO during the fourth quarter worth $231,667,000. Capital World Investors raised its holdings in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. Norges Bank purchased a new position in shares of XPO during the fourth quarter worth $188,808,000. Finally, Durable Capital Partners LP raised its holdings in shares of XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock worth $215,730,000 after purchasing an additional 1,426,394 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.