Truist Financial Raises XPO (NYSE:XPO) Price Target to $135.00

XPO (NYSE:XPO - Free Report) had its price objective lifted by Truist Financial from $125.00 to $135.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

A number of other brokerages have also recently commented on XPO. Citigroup dropped their price target on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. TD Cowen lowered their price objective on XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research note on Friday. UBS Group increased their target price on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Stephens restated an "overweight" rating and set a $131.00 price target on shares of XPO in a report on Thursday, June 5th. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Thursday, March 6th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $134.89.

XPO Trading Down 0.6%

Shares of NYSE:XPO traded down $0.80 on Monday, hitting $126.68. The company had a trading volume of 1,464,339 shares, compared to its average volume of 1,625,944. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 38.98, a P/E/G ratio of 2.40 and a beta of 1.92. The firm's 50-day simple moving average is $115.92 and its two-hundred day simple moving average is $121.47. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. 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 (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. Equities analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has initiated a stock repurchase program on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On XPO

Large investors have recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in shares of XPO by 18.5% in 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 last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in XPO during the fourth quarter valued at approximately $231,667,000. Capital World Investors raised its position in XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares during the period. Norges Bank bought a new stake in shares of XPO during the 4th quarter valued at $188,808,000. Finally, Durable Capital Partners LP grew its position in shares of XPO by 246.4% during the 1st 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 period. 97.73% of the stock is currently 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.