Barclays Boosts XPO (NYSE:XPO) Price Target to $145.00

XPO (NYSE:XPO - Free Report) had its target price raised by Barclays from $135.00 to $145.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company's stock.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company raised their price objective on shares of XPO from $116.00 to $144.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. TD Cowen reduced their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a report on Friday, June 27th. Truist Financial raised their price objective on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Citigroup downgraded shares of XPO from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $137.00 to $140.00 in a report on Wednesday. Finally, Evercore ISI raised their price objective on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.05.

XPO Stock Performance

XPO stock traded down $1.41 during mid-day trading on Thursday, reaching $132.53. The company had a trading volume of 622,925 shares, compared to its average volume of 1,625,783. 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 52 week low of $85.06 and a 52 week high of $161.00. The company has a 50 day moving average of $122.11 and a 200-day moving average of $120.70. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.54 and a beta of 1.93.

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

XPO announced that its Board of Directors has initiated a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On XPO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. SouthState Corp acquired a new stake in XPO in the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB increased its position in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after acquiring an additional 113 shares in the last quarter. Larson Financial Group LLC increased its position in 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 acquiring an additional 76 shares in the last quarter. Parallel Advisors LLC increased its position in 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 acquiring an additional 180 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in XPO by 63.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company's stock valued at $54,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds 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.