XPO (NYSE:XPO) Stock Price Expected to Rise, Barclays Analyst Says

XPO (NYSE:XPO - Get Free Report) had its price target raised by Barclays from $135.00 to $145.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Barclays's price target would suggest a potential upside of 8.06% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group restated a "buy" rating and set a $140.00 target price (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Stifel Nicolaus reduced their target price on XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James Financial reduced their target price on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Bank of America boosted their target price on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Truist Financial boosted their target price on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, XPO has a consensus rating of "Moderate Buy" and a consensus price target of $142.05.

XPO Stock Performance

Shares of NYSE XPO traded up $2.06 during mid-day trading on Thursday, hitting $134.19. The company had a trading volume of 912,093 shares, compared to its average volume of 1,692,987. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.54 and a beta of 1.93. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock's 50-day moving average price is $121.05 and its 200-day moving average price is $120.80.

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

XPO declared that its board has authorized a stock repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On XPO

Several hedge funds and other institutional investors have recently modified their holdings of XPO. Steward Partners Investment Advisory LLC lifted its holdings in shares of XPO by 16.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the transportation company's stock valued at $110,000 after buying an additional 118 shares during the period. Victory Capital Management Inc. raised its holdings in XPO by 44.6% in the 4th quarter. Victory Capital Management Inc. now owns 46,541 shares of the transportation company's stock worth $6,104,000 after purchasing an additional 14,359 shares during the period. M&T Bank Corp raised its holdings in XPO by 3.1% in the 4th quarter. M&T Bank Corp now owns 5,589 shares of the transportation company's stock worth $733,000 after purchasing an additional 168 shares during the period. Proficio Capital Partners LLC bought a new position in XPO in the 4th quarter worth $8,772,000. Finally, PNC Financial Services Group Inc. raised its holdings in XPO by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,564 shares of the transportation company's stock worth $861,000 after purchasing an additional 267 shares during the period. 97.73% of the stock is owned by institutional investors.

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.

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