Susquehanna Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its target price dropped by analysts at Susquehanna from $180.00 to $138.00 in a report released on Monday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 26.43% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Oppenheimer boosted their target price 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 raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research note on Monday, February 24th. UBS Group lifted their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note 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 on the stock in a research report on Thursday, March 6th. Finally, Stephens reiterated an “overweight” rating and issued a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $153.16.

XPO Stock Up 1.5 %

Shares of XPO opened at $109.16 on Monday. The business’s 50 day moving average is $124.79 and its 200 day moving average is $129.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a market capitalization of $12.80 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

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

XPO announced that its board has authorized a stock buyback plan 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 plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at XPO

In other news, COO David J. Bates bought 1,880 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly 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 document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On XPO

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP lifted its stake in XPO by 44.5% in the third quarter. Quantbot Technologies LP now owns 5,725 shares of the transportation company’s stock worth $615,000 after acquiring an additional 1,764 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of XPO by 25.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock valued at $2,972,000 after purchasing an additional 5,680 shares in the last quarter. Townsquare Capital LLC purchased a new stake in shares of XPO in the 3rd quarter worth approximately $232,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of XPO by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company’s stock worth $2,745,000 after purchasing an additional 381 shares during the period. Finally, Aureus Asset Management LLC bought a new position in shares of XPO during the third quarter valued at approximately $1,075,000. 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.