Analysts Set XPO, Inc. (NYSE:XPO) Price Target at $134.11

Shares of XPO, Inc. (NYSE:XPO - Get Free Report) have been given a consensus rating of "Buy" by the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Nineteen equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $134.11.

Several equities analysts recently commented on the company. Bank of America increased their target price on XPO from $119.00 to $139.00 and gave the company a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. dropped their target price on XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Citigroup dropped their target price on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Raymond James dropped their target price on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Thursday, March 6th.

Insider Activity at XPO

In other news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On XPO

A number of hedge funds have recently added to or reduced their stakes in XPO. Greenleaf Trust lifted its position in XPO by 5.0% in the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company's stock valued at $311,000 after purchasing an additional 114 shares during the period. Calamos Advisors LLC lifted its position in shares of XPO by 42.8% during the 4th quarter. Calamos Advisors LLC now owns 11,817 shares of the transportation company's stock valued at $1,550,000 after acquiring an additional 3,543 shares during the period. Sargent Investment Group LLC lifted its position in shares of XPO by 19.6% during the 4th quarter. Sargent Investment Group LLC now owns 15,042 shares of the transportation company's stock valued at $2,041,000 after acquiring an additional 2,470 shares during the period. Choreo LLC lifted its position in shares of XPO by 39.0% during the 4th quarter. Choreo LLC now owns 4,978 shares of the transportation company's stock valued at $660,000 after acquiring an additional 1,396 shares during the period. Finally, Platform Technology Partners acquired a new stake in shares of XPO during the 4th quarter valued at approximately $284,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Up 1.6%

Shares of XPO stock traded up $1.88 during trading hours on Wednesday, reaching $118.55. 1,235,419 shares of the company were exchanged, compared to its average volume of 1,643,765. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. The stock's fifty day moving average is $108.29 and its 200 day moving average is $124.99. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $13.97 billion, a PE ratio of 36.70, a PEG ratio of 1.79 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The company's revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts forecast that XPO will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has approved a share buyback 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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.