XPO (NYSE:XPO) Sets New 52-Week Low After Analyst Downgrade

XPO, Inc. (NYSE:XPO)’s share price reached a new 52-week low on Thursday after Barclays lowered their price target on the stock from $150.00 to $135.00. Barclays currently has an overweight rating on the stock. XPO traded as low as $96.09 and last traded at $97.13, with a volume of 1434639 shares changing hands. The stock had previously closed at $111.31.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company cut their target price on XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Oppenheimer lifted their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Truist Financial began coverage on shares of XPO in a report on Thursday, March 13th. They issued a “buy” rating and a $130.00 target price for the company. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has an average rating of “Buy” and a consensus target price of $152.37.

Insider Buying and Selling at XPO

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 purchased at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, 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 legal filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock worth $26,000 after acquiring an additional 113 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of XPO during the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO during the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its stake in XPO by 69.1% in the 4th 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 period. Finally, Larson Financial Group LLC grew its holdings in 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 buying an additional 76 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $11.47 billion, a P/E ratio of 30.22, a PEG ratio of 1.79 and a beta of 2.13. The company has a 50-day moving average price of $124.29 and a two-hundred day moving average price of $129.83.

XPO (NYSE:XPO) last released its quarterly 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 net margin of 4.81% and a return on equity of 30.36%. Equities analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.