XPO (NYSE:XPO) Lowered to Neutral Rating by Citigroup

Citigroup cut shares of XPO (NYSE:XPO - Free Report) from a buy rating to a neutral rating in a report published on Wednesday, MarketBeat reports. The firm currently has $140.00 target price on the transportation company's stock, up from their prior target price of $137.00.

Several other equities analysts have also recently commented on the stock. Susquehanna increased their price target on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research report on Wednesday, June 18th. Truist Financial increased their price objective 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. TD Cowen dropped their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Bank of America increased their price objective on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Barclays increased their price objective on shares of XPO from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus target price of $142.05.

XPO Stock Down 1.1%

NYSE XPO traded down $1.41 during trading hours on Wednesday, hitting $132.53. The company had a trading volume of 622,925 shares, compared to its average volume of 1,625,783. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of 2.54 and a beta of 1.93. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. The firm's 50 day moving average is $122.11 and its 200 day moving average is $120.70.

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

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in XPO by 16.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the transportation company's stock worth $110,000 after buying an additional 118 shares in the last quarter. Keybank National Association OH bought a new stake in XPO during the fourth quarter worth approximately $252,000. Victory Capital Management Inc. boosted its holdings in XPO by 44.6% during the fourth quarter. Victory Capital Management Inc. now owns 46,541 shares of the transportation company's stock worth $6,104,000 after buying an additional 14,359 shares in the last quarter. M&T Bank Corp boosted its holdings in XPO by 3.1% during the fourth quarter. M&T Bank Corp now owns 5,589 shares of the transportation company's stock worth $733,000 after buying an additional 168 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in XPO during the fourth quarter worth approximately $8,772,000. Institutional investors and hedge funds 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.