XPO (NYSE:XPO) Given New $133.00 Price Target at TD Cowen

XPO (NYSE:XPO - Get Free Report) had its price target dropped by research analysts at TD Cowen from $136.00 to $133.00 in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm currently has a "buy" rating on the transportation company's stock. TD Cowen's price objective suggests a potential upside of 7.13% from the company's current price.

XPO has been the subject of several other reports. Stifel Nicolaus reduced their price objective on XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Bank of America raised their target price on shares of XPO from $119.00 to $139.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Raymond James Financial cut their price target on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer lowered their price objective on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Susquehanna increased their target price on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a report on Wednesday, June 18th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $134.37.

XPO Trading Up 0.1%

Shares of XPO stock opened at $124.15 on Friday. The business has a fifty day simple moving average of $115.30 and a 200-day simple moving average of $122.16. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.33 and a beta of 1.92. 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 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. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The business's revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

XPO announced that its Board of Directors has authorized a share repurchase program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SouthState Corp bought a new stake in XPO during the 1st quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after acquiring an additional 113 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in XPO during the 4th quarter valued at $42,000. Finally, Larson Financial Group LLC raised its stake in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 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.

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