XPO (NYSE:XPO) Price Target Raised to $150.00 at UBS Group

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

Several other research analysts also recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Oppenheimer upped their target price on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday. Jefferies Financial Group reiterated a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Finally, Truist Financial upped their target price on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.05.

XPO Stock Down 1.1%

XPO traded down $1.41 during trading on Tuesday, hitting $132.53. 622,925 shares of the company's stock were exchanged, compared to its average volume of 1,625,937. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. The business's 50 day moving average is $122.11 and its two-hundred day moving average is $120.79. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The stock has a market cap of $15.61 billion, a P/E ratio of 40.78, a PEG ratio of 2.57 and a beta of 1.93.

XPO (NYSE:XPO - Get Free Report) last released 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. XPO had a net margin of 4.87% and a return on equity of 28.27%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The business's revenue was down 3.2% on a year-over-year basis. As a group, equities analysts expect that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has authorized a stock buyback plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in XPO. Argent Trust Co increased its holdings in XPO by 1.9% in the 4th 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 increased its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares in the last quarter. Scientech Research LLC increased its holdings in XPO by 0.9% in the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after acquiring an additional 84 shares in the last quarter. SageView Advisory Group LLC increased its holdings in XPO by 2.1% in the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after acquiring an additional 96 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in XPO by 1.3% in the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock worth $1,044,000 after acquiring an additional 100 shares in the last quarter. Institutional investors 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.