XPO (NYSE:XPO) Price Target Lowered to $142.00 at Oppenheimer

XPO (NYSE:XPO) had its price objective reduced by Oppenheimer from $176.00 to $142.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Barclays dropped their price objective on shares of XPO from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their target price on XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Benchmark raised their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Thursday, March 6th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $150.58.

XPO Stock Down 4.7 %

Shares of XPO opened at $91.54 on Friday. XPO has a 12 month low of $85.06 and a 12 month high of $161.00. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 1.79 and a beta of 2.13. The company has a 50-day moving average price of $122.48 and a two-hundred day moving average price of $129.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

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

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

Insider Activity at XPO

In other news, COO David J. Bates bought 1,880 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, 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 legal 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

A number of large investors have recently made changes to their positions in XPO. Versant Capital Management Inc bought a new stake in shares of XPO in the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB increased its stake in XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock worth $26,000 after purchasing an additional 113 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in XPO during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. raised its holdings in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after buying an additional 130 shares during the period. Finally, Larson Financial Group LLC lifted its stake in XPO by 25.6% in the fourth 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. Institutional investors 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.