UBS Group Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO - Free Report) had its price target raised by UBS Group from $123.00 to $150.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

Several other research firms also recently weighed in on XPO. Barclays upped 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. JPMorgan Chase & Co. reduced their price objective on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company upped 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. Jefferies Financial Group reissued a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of XPO in a report on Tuesday, June 10th. Finally, Truist Financial upped their price target on shares of XPO from $125.00 to $135.00 and gave the company a "buy" rating in a report on Monday, June 30th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $141.53.

XPO Stock Performance

Shares of XPO traded up $0.21 during midday trading on Tuesday, hitting $132.47. 672,413 shares of the stock traded hands, compared to its average volume of 1,627,821. XPO has a 1-year low of $85.06 and a 1-year high of $161.00. The firm has a market capitalization of $15.61 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 2.54 and a beta of 1.93. 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 business's 50 day moving average price is $120.52 and its two-hundred day moving average price is $120.72.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. Equities research analysts predict that XPO will post 4.15 EPS for the current fiscal year.

XPO announced that its board has approved a share repurchase plan on Thursday, March 27th that permits the company to buyback $750.00 million in 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 typically a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On XPO

A number of large investors have recently made changes to their positions in XPO. Argent Trust Co raised its stake in XPO by 1.9% during the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after acquiring an additional 75 shares in the last quarter. Larson Financial Group LLC grew its position in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after buying an additional 76 shares during the period. Scientech Research LLC grew its position in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after buying an additional 84 shares during the period. SageView Advisory Group LLC grew its position in shares of XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after buying an additional 96 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of XPO by 1.3% during the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock worth $1,044,000 after buying an additional 100 shares during the period. 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.