XPO (NYSE:XPO) Stock Price Up 13.3% - Should You Buy?

XPO, Inc. (NYSE:XPO - Get Free Report) shot up 13.3% on Monday . The stock traded as high as $128.00 and last traded at $125.81. 792,101 shares were traded during trading, a decline of 56% from the average session volume of 1,795,238 shares. The stock had previously closed at $111.01.

Wall Street Analyst Weigh In

XPO has been the subject of several research analyst reports. Barclays cut their price objective on XPO from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Stephens set a $131.00 target price on XPO and gave the stock an "overweight" rating in a report on Thursday, May 1st. Susquehanna lowered their price target on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a report on Monday, March 31st. Wells Fargo & Company reduced their price target on XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Finally, Citigroup dropped their target price on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $134.11.

XPO Price Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average of $105.72 and a 200-day moving average of $127.65. The firm has a market capitalization of $15.09 billion, a P/E ratio of 39.67, a P/E/G ratio of 1.79 and a beta of 1.96.

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, topping the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.81 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. On average, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

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

Insider Buying and Selling at XPO

In related news, COO David J. Bates bought 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company's stock.

Institutional Trading of XPO

Large investors have recently bought and sold shares of the business. SouthState Corp bought a new stake in shares of XPO in the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after acquiring an additional 113 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. lifted its holdings 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 acquiring an additional 130 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of XPO by 25.6% during the fourth 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 currently owned by institutional investors and hedge funds.

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.