XPO (NYSE:XPO) Given New $123.00 Price Target at UBS Group

XPO (NYSE:XPO) had its price objective raised by UBS Group from $108.00 to $123.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 target price on the stock. Oppenheimer dropped their price objective on XPO from $176.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Stifel Nicolaus decreased their price target on shares of XPO from $147.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Susquehanna lowered their price target on shares of XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a report on Monday, March 31st. Finally, Truist Financial reduced their price objective on shares of XPO from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $135.79.

XPO Stock Performance

XPO stock opened at $109.80 on Thursday. XPO has a 1-year low of $85.06 and a 1-year high of $161.00. The business has a 50-day moving average price of $104.98 and a 200 day moving average price of $127.49. The company has a market capitalization of $12.93 billion, a P/E ratio of 33.99, a PEG ratio of 1.79 and a beta of 2.05. 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 results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.81% and a return on equity of 30.36%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that XPO will post 4.15 EPS for the current fiscal year.

XPO announced that its board has approved a share buyback program on Thursday, March 27th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at XPO

In other XPO news, COO David J. Bates bought 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, for a total transaction of $199,580.80. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently modified their holdings of XPO. Capital Research Global Investors grew its holdings in XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after acquiring an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in XPO in the 4th quarter worth approximately $231,667,000. Capital World Investors boosted its position in XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares in the last quarter. Norges Bank acquired a new stake in shares of XPO during the 4th quarter worth approximately $188,808,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of XPO during the 4th quarter valued at approximately $163,938,000. Hedge funds and other 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.