XPO (NYSE:XPO) Given New $113.00 Price Target at Citigroup

XPO (NYSE:XPO) had its price target trimmed by Citigroup from $148.00 to $113.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on XPO. Truist Financial began coverage on XPO in a research note on Thursday, March 13th. They set a “buy” rating and a $130.00 price objective on the stock. Jefferies Financial Group upped their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Stephens reiterated an “overweight” rating and set a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $141.74.

XPO Trading Down 1.0 %

NYSE XPO opened at $91.10 on Tuesday. XPO has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50 day moving average price is $119.67 and its two-hundred day moving average price is $129.14. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating 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%. As a group, analysts anticipate that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has approved a share repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, COO David J. Bates purchased 1,880 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after buying an additional 113 shares in the last quarter. Versant Capital Management Inc bought a new position in XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in XPO during the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. lifted its stake in XPO by 69.1% during 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 lifted its stake in XPO by 25.6% during 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. 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.