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

XPO (NYSE:XPO - Get Free Report) had its target price increased by investment analysts at Susquehanna from $138.00 to $145.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's price target would suggest a potential upside of 19.57% from the company's previous close.

XPO has been the subject of several other reports. Jefferies Financial Group reiterated a "buy" rating and issued a $140.00 target price (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft started coverage on XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 price objective on the stock. Barclays upped their price target on shares of XPO from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Raymond James Financial cut their price target on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a report on Thursday, March 6th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $135.26.

XPO Stock Up 1.2%

NYSE XPO traded up $1.48 on Wednesday, reaching $121.27. The company had a trading volume of 206,275 shares, compared to its average volume of 1,621,113. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 2.30 and a beta of 1.92. The company's fifty day moving average is $111.69 and its 200-day moving average is $123.41. XPO has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, research analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has approved a stock buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently added to or reduced their stakes in the company. SouthState Corp purchased a new position in XPO in the 1st quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 purchasing an additional 113 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in XPO during the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. lifted its position in shares of 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 during the period. Finally, Larson Financial Group LLC lifted its stake 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 purchasing an additional 76 shares during the period. 97.73% of the stock is owned by institutional investors.

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.

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