TD Cowen Issues Pessimistic Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO - Get Free Report) had its price objective reduced by equities researchers at TD Cowen from $136.00 to $133.00 in a report issued on Friday, MarketBeat reports. The brokerage presently has a "buy" rating on the transportation company's stock. TD Cowen's price objective would suggest a potential upside of 4.99% from the stock's current price.

Other research analysts have also issued reports about the company. UBS Group increased their price objective on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Oppenheimer dropped their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Susquehanna boosted their target price on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Evercore ISI increased their price target on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company cut their price objective on XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO presently has an average rating of "Buy" and an average price target of $134.89.

XPO Stock Performance

Shares of XPO traded down $0.80 on Friday, reaching $126.68. 1,353,522 shares of the stock traded hands, compared to its average volume of 1,729,349. The stock's 50-day moving average price is $115.92 and its 200-day moving average price is $121.47. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap 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. XPO has a 12 month low of $85.06 and a 12 month high of $161.00.

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

XPO announced that its Board of Directors has initiated 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 buy up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in XPO. LPL Financial LLC grew its holdings in shares of XPO by 57.3% during the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after buying an additional 27,034 shares in the last quarter. Renaissance Technologies LLC grew its position in XPO by 40.0% in the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock valued at $31,138,000 after purchasing an additional 67,800 shares in the last quarter. Natixis Advisors LLC increased its stake in XPO by 42.8% in the 4th quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock valued at $8,054,000 after buying an additional 18,398 shares during the last quarter. Sowell Financial Services LLC bought a new stake in XPO during the 1st quarter worth about $247,000. Finally, Invesco Ltd. boosted its stake in shares of XPO by 29.6% during the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after buying an additional 425,678 shares during the last quarter. 97.73% of the stock is 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.