XPO (NYSE:XPO) Stock Rating Lowered by Citigroup

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

A number of other analysts have also recently commented on the stock. Barclays lifted their target price 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. Stephens reiterated an "overweight" rating and issued a $131.00 target price on shares of XPO in a research note on Thursday, June 5th. Truist Financial lifted 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. UBS Group lifted their target price on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Bank of America lifted their target price on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.05.

XPO Stock Up 1.6%

Shares of NYSE:XPO traded up $2.06 during trading on Wednesday, reaching $134.19. The stock had a trading volume of 912,093 shares, compared to its average volume of 1,628,125. XPO has a one year low of $85.06 and a one year high of $161.00. The company has a market capitalization of $15.81 billion, a P/E ratio of 41.29, a PEG ratio of 2.54 and a beta of 1.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The firm's 50-day simple moving average is $121.66 and its 200 day simple moving average is $120.81.

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

XPO declared that its board has authorized a stock 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 repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On XPO

Institutional investors have recently made changes to their positions in the company. SouthState Corp purchased a new position in shares of XPO during the 1st quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares in the last quarter. Larson Financial Group LLC increased its holdings 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 valued at $49,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after purchasing an additional 180 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of XPO by 65.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after purchasing an additional 209 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.