XPO (NYSE:XPO) Price Target Raised to $150.00 at Oppenheimer

XPO (NYSE:XPO - Get Free Report) had its price objective hoisted by equities researchers at Oppenheimer from $126.00 to $150.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Oppenheimer's target price would indicate a potential upside of 13.32% from the company's current price.

Several other equities research analysts have also weighed in on XPO. JPMorgan Chase & Co. cut their target price on shares of XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Barclays raised their price objective on shares of XPO from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Raymond James Financial dropped their price objective 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. Stephens restated an "overweight" rating and set a $131.00 price objective on shares of XPO in a report on Thursday, June 5th. Finally, Jefferies Financial Group restated a "buy" rating and set a $140.00 price objective (up from $135.00) on shares of XPO in a report on Tuesday, June 10th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has a consensus rating of "Buy" and a consensus price target of $140.11.

XPO Trading Up 2.1%

XPO traded up $2.68 during mid-day trading on Monday, hitting $132.37. The stock had a trading volume of 1,118,976 shares, compared to its average volume of 1,629,850. The stock's fifty day simple moving average is $119.82 and its 200-day simple moving average is $120.64. 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 capitalization of $15.59 billion, a price-to-earnings ratio of 40.73, a price-to-earnings-growth ratio of 2.48 and a beta of 1.93. XPO has a 1-year low of $85.06 and a 1-year high of $161.00.

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

XPO announced that its board has initiated a share repurchase program on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Institutional Trading of XPO

Hedge funds and other institutional investors have recently bought and sold shares of the business. SouthState Corp acquired a new stake in XPO in the 1st quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its stake in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC raised its position in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after buying an additional 76 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

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.