XPO (NYSE:XPO) Given New $130.00 Price Target at Wells Fargo & Company

XPO (NYSE:XPO) had its target price cut by equities researchers at Wells Fargo & Company from $170.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 21.08% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group upped their price objective 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. Raymond James decreased their price target on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Benchmark raised their price objective on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Thursday, March 6th. Finally, Barclays lowered their price target on XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO has an average rating of “Buy” and an average target price of $155.37.

XPO Stock Down 5.2 %

Shares of NYSE:XPO opened at $107.36 on Thursday. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 1.79 and a beta of 2.13. XPO has a one year low of $97.03 and a one year high of $161.00. The firm has a fifty day moving average price of $125.98 and a two-hundred day moving average price of $129.57. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (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%. Analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

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

Insider Transactions at XPO

In other news, COO David J. Bates bought 1,880 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. D1 Capital Partners L.P. lifted its holdings in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares during the period. Capital Research Global Investors raised its holdings in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in XPO in the fourth quarter worth $231,667,000. Capital World Investors boosted its holdings in XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares in the last quarter. Finally, Norges Bank purchased a new position in XPO during the 4th quarter valued at $188,808,000. Hedge funds and other 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.