XPO (NYSE:XPO) Given New $135.00 Price Target at Barclays

XPO (NYSE:XPO - Get Free Report) had its price objective boosted by equities research analysts at Barclays from $125.00 to $135.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Barclays's price target suggests a potential upside of 10.57% from the stock's current price.

XPO has been the topic of several other reports. Stifel Nicolaus dropped their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company dropped their target price on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Evercore ISI lifted their target price on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Susquehanna dropped their target price on shares of XPO from $180.00 to $138.00 and set a "positive" rating on the stock in a research report on Monday, March 31st. Finally, Raymond James dropped their target price 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. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $134.89.

XPO Price Performance

Shares of XPO traded up $1.51 during mid-day trading on Monday, hitting $122.10. The company's stock had a trading volume of 971,114 shares, compared to its average volume of 1,636,064. The firm has a 50-day moving average price of $109.59 and a 200 day moving average price of $124.43. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.79 and a beta of 1.92. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, research analysts predict that XPO will post 4.15 EPS for the current fiscal year.

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

Institutional Trading of XPO

A number of institutional investors have recently added to or reduced their stakes in XPO. Capital Research Global Investors lifted its stake in XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in XPO in the fourth quarter valued at approximately $231,667,000. Capital World Investors lifted its stake in XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares during the last quarter. Norges Bank acquired a new stake in XPO in the fourth quarter valued at approximately $188,808,000. Finally, Durable Capital Partners LP lifted its stake in XPO by 246.4% in the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock valued at $215,730,000 after acquiring an additional 1,426,394 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.