XPO (NYSE:XPO) Earns Overweight Rating from Stephens

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

Other research analysts have also recently issued reports about the stock. Citigroup cut their price target on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group boosted their price target on shares of XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Barclays dropped their target price on shares of XPO from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, Benchmark boosted their target price on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, XPO presently has a consensus rating of "Buy" and an average price target of $134.11.

XPO Stock Up 1.6%

XPO stock traded up $1.88 during midday trading on Thursday, hitting $118.55. 1,235,419 shares of the stock were exchanged, compared to its average volume of 1,643,589. XPO has a 52-week low of $85.06 and a 52-week high of $161.00. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 1.79 and a beta of 1.92. The business's 50-day moving average price is $108.29 and its 200-day moving average price is $124.67. 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 released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share 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 analysts' expectations of $1.98 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, research analysts expect that XPO will post 4.15 EPS for the current fiscal year.

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

Insider Transactions at XPO

In related news, COO David J. Bates acquired 1,880 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.90% of the company's stock.

Institutional Trading of XPO

Large investors have recently modified their holdings of the business. SouthState Corp bought a new stake in shares of XPO in the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO in the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. grew its stake in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the last quarter. 97.73% of the stock is owned by 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.