Susquehanna Cuts XPO (NYSE:XPO) Price Target to $138.00

XPO (NYSE:XPO) had its price target reduced by Susquehanna from $180.00 to $138.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company reduced their target price on shares of XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. UBS Group boosted their price objective on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 target price on the stock. Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Thursday, March 6th. Finally, Oppenheimer raised their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $153.16.

XPO Stock Up 0.5 %

Shares of XPO stock opened at $107.60 on Monday. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 1.79 and a beta of 2.13. XPO has a twelve month low of $97.03 and a twelve month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The business’s 50 day simple moving average is $125.37 and its 200-day simple moving average is $129.96.

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

XPO announced that its board has approved a share 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 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.

Insiders Place Their Bets

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was bought 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Stifel Financial Corp grew its stake in XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after acquiring an additional 43,237 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of XPO during the third quarter worth approximately $534,000. Natixis Advisors LLC grew its position in XPO by 42.8% during the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock valued at $8,054,000 after purchasing an additional 18,398 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in XPO in the 4th quarter valued at approximately $423,000. Finally, JPMorgan Chase & Co. lifted its position in XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after buying an additional 185,686 shares in the last quarter. 97.73% of the stock is 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.