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

XPO logo with Transportation background

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

Several other equities research analysts have also weighed in on XPO. Raymond James Financial cut their target price on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Susquehanna raised their price target on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Bank of America raised their price target on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday. Truist Financial raised their price target on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Finally, Citigroup lowered their target price on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $142.05.

Get Our Latest Research Report on XPO

XPO Stock Up 1.6%

XPO stock traded up $2.06 during mid-day trading on Tuesday, reaching $134.19. The company had a trading volume of 912,093 shares, compared to its average volume of 1,624,969. 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 company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.93. The firm has a fifty day simple moving average of $121.05 and a 200 day simple moving average of $120.80. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company earned $0.81 EPS. XPO's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts forecast that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has initiated a stock repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Argent Trust Co raised its stake in shares of XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after buying an additional 75 shares during the last quarter. Larson Financial Group LLC raised its stake in 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 last quarter. Scientech Research LLC raised its stake in XPO by 0.9% in the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after purchasing an additional 84 shares during the last quarter. SageView Advisory Group LLC raised its stake in XPO by 2.1% in the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after purchasing an additional 96 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake 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 valued at $1,044,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Company Profile

(Get Free Report)

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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