Stephens Reiterates "Overweight" Rating for XPO (NYSE:XPO)

Stephens reiterated their overweight rating on shares of XPO (NYSE:XPO - Free Report) in a research report report published on Thursday morning,Benzinga reports. They currently have a $131.00 target price on the transportation company's stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company decreased their price target on XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Barclays reduced their price target on shares of XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Benchmark increased their price objective on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Raymond James dropped their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Thursday, March 6th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $134.11.

XPO Trading Up 1.5%

Shares of XPO stock traded up $1.75 during trading hours on Thursday, hitting $116.68. 1,786,499 shares of the company's stock traded hands, compared to its average volume of 1,643,294. The stock has a market cap of $13.75 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.92. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The stock's 50 day simple moving average is $107.92 and its 200 day simple moving average is $125.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, sell-side analysts anticipate that XPO will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Insider Activity at XPO

In other XPO news, COO David J. Bates purchased 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On XPO

Large investors have recently modified their holdings of the stock. SouthState Corp purchased a new position in shares of XPO in the first quarter valued at $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after buying an additional 113 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. lifted its stake 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 valued at $42,000 after purchasing an additional 130 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

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.