XPO (NYSE:XPO - Get Free Report) had its price target lifted by investment analysts at Wells Fargo & Company from $116.00 to $144.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price target would suggest a potential upside of 8.28% from the stock's current price.
Other equities research analysts have also recently issued reports about the company. Susquehanna lifted their target price on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Raymond James Financial lowered their target price on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group lifted their target price on XPO from $108.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Stifel Nicolaus lowered their target price on XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $140.11.
Read Our Latest Research Report on XPO
XPO Stock Performance
Shares of XPO stock traded up $3.30 during mid-day trading on Monday, reaching $132.99. The stock had a trading volume of 455,411 shares, compared to its average volume of 1,626,661. The firm's 50 day simple moving average is $119.82 and its 200 day simple moving average is $120.64. 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 has a one year low of $85.06 and a one year high of $161.00. The firm has a market cap of $15.67 billion, a PE ratio of 40.92, a P/E/G ratio of 2.52 and a beta of 1.93.
XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the prior year, the firm posted $0.81 EPS. XPO's quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts forecast that XPO will post 4.15 EPS for the current year.
XPO announced that its board has initiated a stock buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Institutional Trading of XPO
Several hedge funds and other institutional investors have recently modified their holdings of XPO. LPL Financial LLC grew its stake in XPO by 57.3% in the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after purchasing an additional 27,034 shares in the last quarter. Renaissance Technologies LLC increased its position in XPO by 40.0% during the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock worth $31,138,000 after buying an additional 67,800 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company's stock worth $8,054,000 after acquiring an additional 18,398 shares during the period. Sowell Financial Services LLC bought a new stake in shares of XPO during the first quarter worth approximately $247,000. Finally, Invesco Ltd. boosted its holdings in shares of XPO by 29.6% during the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after acquiring an additional 425,678 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.
About XPO
(
Get Free Report)
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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