Susquehanna Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO - Get Free Report) had its price objective upped by equities researchers at Susquehanna from $138.00 to $145.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential upside of 20.87% from the stock's previous close.

Several other equities analysts have also recently issued reports on XPO. Raymond James Financial reduced their target price on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI upped their price target on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Oppenheimer reduced their price target on XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 price target on the stock. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO has a consensus rating of "Buy" and a consensus price target of $135.26.

XPO Price Performance

Shares of XPO stock traded down $0.65 during trading on Wednesday, hitting $119.97. 1,194,021 shares of the stock traded hands, compared to its average volume of 1,626,285. The firm's fifty day moving average is $113.00 and its 200-day moving average is $122.93. 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 stock has a market cap of $14.13 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.27 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $1.95 billion for 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 business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Research analysts expect that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has initiated a share 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 purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SouthState Corp purchased a new stake in XPO in the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB increased its position in XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after buying an additional 113 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO in the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. increased its position in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after buying an additional 76 shares in the last quarter. 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.