XPO (NYSE:XPO) Given New $135.00 Price Target at Barclays

XPO (NYSE:XPO) had its price target dropped by analysts at Barclays from $150.00 to $135.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential upside of 23.19% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Susquehanna cut their target price on XPO from $180.00 to $138.00 and set a “positive” rating for the company in a research report on Monday. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Monday, February 24th. Truist Financial started coverage on XPO in a research note on Thursday, March 13th. They set a “buy” rating and a $130.00 target price for the company. Oppenheimer lifted their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price target on shares of XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $152.37.

XPO Stock Performance

Shares of XPO traded up $0.41 during trading hours on Wednesday, reaching $109.59. 68,762 shares of the company’s stock traded hands, compared to its average volume of 1,586,570. XPO has a twelve month low of $97.03 and a twelve month high of $161.00. The business’s fifty day simple moving average is $124.79 and its two-hundred day simple moving average is $129.96. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 33.93, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts predict that XPO will post 4.15 earnings per share for the current year.

XPO declared that its board has authorized a stock repurchase plan on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other XPO news, COO David J. Bates bought 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Trading of XPO

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in shares of XPO by 25.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock valued at $2,972,000 after buying an additional 5,680 shares during the period. Townsquare Capital LLC acquired a new stake in XPO during the third quarter valued at $232,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in XPO by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company’s stock valued at $2,745,000 after purchasing an additional 381 shares during the last quarter. Centiva Capital LP grew its stake in XPO by 49.5% in the third quarter. Centiva Capital LP now owns 4,754 shares of the transportation company’s stock valued at $511,000 after purchasing an additional 1,574 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in XPO by 30.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock worth $535,000 after purchasing an additional 1,168 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.