XPO (NYSE:XPO) Given New $135.00 Price Target at Barclays

XPO (NYSE:XPO) had its price objective hoisted by research analysts at Barclays from $125.00 to $135.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price points to a potential upside of 12.28% from the stock’s previous close.

XPO has been the subject of several other reports. Truist Financial reduced their price objective on XPO from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of XPO from $132.00 to $121.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Thursday, March 6th. Susquehanna lowered their price objective on shares of XPO from $180.00 to $138.00 and set a “positive” rating on the stock in a research report on Monday, March 31st. Finally, UBS Group raised their target price on shares of XPO from $108.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $134.63.

XPO Stock Up 1.5%

XPO stock traded up $1.77 during mid-day trading on Monday, reaching $120.24. The stock had a trading volume of 303,016 shares, compared to its average volume of 1,773,010. The company has a 50-day moving average price of $108.29 and a two-hundred day moving average price of $124.67. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.79 and a beta of 1.92. XPO has a one year low of $85.06 and a one year high of $161.00. 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 released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a return on equity of 30.36% and a net margin of 4.81%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.98 billion. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. On average, analysts expect that XPO will post 4.15 EPS for the current fiscal year.

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

Insider Activity

In other XPO news, COO David J. Bates bought 1,880 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This trade represents a 9.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SouthState Corp bought a new position in shares of XPO during the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB boosted 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 valued at $26,000 after buying an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO in the fourth quarter worth $42,000. Cullen Frost Bankers Inc. lifted 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 valued at $42,000 after buying an additional 130 shares in the last quarter. Finally, Larson Financial Group LLC grew 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 worth $49,000 after purchasing an additional 76 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.