XPO (NYSE:XPO) Given New $138.00 Price Target at Susquehanna

XPO (NYSE:XPO) had its target price cut by research analysts at Susquehanna from $180.00 to $138.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 28.54% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. UBS Group lifted their price target on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Bank of America lowered their target price on XPO from $150.00 to $131.00 and set a “buy” rating for the company in a report on Friday. Benchmark boosted their price target on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Monday, February 24th. Finally, Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Thursday, March 6th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO presently has a consensus rating of “Buy” and a consensus price target of $153.16.

XPO Stock Performance

XPO opened at $107.36 on Monday. XPO has a 52-week low of $97.03 and a 52-week high of $161.00. The business’s 50-day simple moving average is $125.98 and its 200 day simple moving average is $129.96. 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 firm has a market capitalization of $12.59 billion, a PE ratio of 33.24, a PEG 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%. As a group, sell-side analysts expect that XPO will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other XPO news, COO David J. Bates purchased 1,880 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, with a total value 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 $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On XPO

Several large investors have recently made changes to their positions in XPO. Versant Capital Management Inc bought a new position in XPO during the fourth quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its position in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares during the period. Larson Financial Group LLC grew its position in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.