XPO (NYSE:XPO) Given New $144.00 Price Target at Wells Fargo & Company

XPO (NYSE:XPO - Get Free Report) had its target price increased by equities researchers at Wells Fargo & Company from $116.00 to $144.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's target price suggests a potential upside of 11.03% from the company's previous close.

A number of other research analysts also recently weighed in on the company. Jefferies Financial Group reissued a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of XPO in a report on Tuesday, June 10th. Barclays increased their target price on XPO from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Evercore ISI increased their target price on XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Citigroup lowered 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. Finally, Stephens reissued an "overweight" rating and issued a $131.00 target price on shares of XPO in a report on Thursday, June 5th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $138.21.

XPO Stock Performance

Shares of XPO stock traded down $2.44 during trading on Monday, hitting $129.69. 1,236,754 shares of the company's stock traded hands, compared to its average volume of 1,631,241. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. The stock has a market capitalization of $15.28 billion, a P/E ratio of 39.90, a PEG ratio of 2.52 and a beta of 1.93. The business has a 50-day simple moving average of $119.18 and a 200-day simple moving average of $120.68.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the firm posted $0.81 earnings per share. XPO's revenue was down 3.2% compared to the same quarter last year. As a group, analysts forecast that XPO will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. raised its stake in XPO by 24.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,347 shares of the transportation company's stock valued at $296,000 after purchasing an additional 456 shares during the period. Voya Investment Management LLC raised its stake in XPO by 3.0% during the 1st quarter. Voya Investment Management LLC now owns 61,037 shares of the transportation company's stock valued at $6,566,000 after purchasing an additional 1,797 shares during the period. Anderson Financial Strategies LLC grew its holdings in XPO by 35.1% during the 1st quarter. Anderson Financial Strategies LLC now owns 12,703 shares of the transportation company's stock valued at $1,367,000 after buying an additional 3,301 shares in the last quarter. Strs Ohio purchased a new position in XPO during the 1st quarter valued at approximately $3,776,000. Finally, Geneos Wealth Management Inc. grew its holdings in XPO by 194.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,020 shares of the transportation company's stock valued at $325,000 after buying an additional 1,993 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

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.