XPO (NYSE:XPO) Price Target Cut to $130.00 by Analysts at Wells Fargo & Company

XPO (NYSE:XPO) had its price target reduced by Wells Fargo & Company from $170.00 to $130.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other analysts have also recently issued reports on the stock. Bank of America dropped their price objective on shares of XPO from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Benchmark upped their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Oppenheimer lifted their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a report on Monday, February 24th. Finally, UBS Group raised their target price on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $156.37.

XPO Price Performance

Shares of XPO stock opened at $112.82 on Thursday. 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 business has a 50 day simple moving average of $126.59 and a two-hundred day simple moving average of $129.53. The stock has a market capitalization of $13.23 billion, a P/E ratio of 34.93, a PEG ratio of 1.79 and a beta of 2.13. XPO has a 12 month low of $97.03 and a 12 month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data 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 return on equity of 30.36% and a net margin of 4.81%. As a group, analysts predict that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its board has authorized a share buyback program on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, COO David J. Bates bought 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost 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 $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of XPO

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of XPO by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,501 shares of the transportation company’s stock worth $2,033,000 after acquiring an additional 111 shares during the period. Empirical Capital Management LLC grew its stake in XPO by 12.0% during the 4th quarter. Empirical Capital Management LLC now owns 56,000 shares of the transportation company’s stock worth $7,344,000 after purchasing an additional 6,000 shares in the last quarter. Amiral Gestion purchased a new stake in XPO during the 4th quarter worth about $708,000. Vise Technologies Inc. acquired a new stake in XPO in the 4th quarter valued at about $241,000. Finally, White Knight Strategic Wealth Advisors LLC acquired a new stake in XPO in the 4th quarter valued at about $381,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.