XPO (NYSE:XPO) Given New $142.00 Price Target at Stifel Nicolaus

XPO (NYSE:XPO) had its price target dropped by equities researchers at Stifel Nicolaus from $147.00 to $142.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 47.23% from the company’s current price.

Several other brokerages have also issued reports on XPO. Susquehanna decreased their price target on shares of XPO from $180.00 to $138.00 and set a “positive” rating for the company in a research note on Monday, March 31st. Citigroup dropped their price target on XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group cut their price target on XPO from $170.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on shares of XPO from $170.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Oppenheimer reduced their price objective on shares of XPO from $176.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has an average rating of “Buy” and an average target price of $139.89.

XPO Stock Up 2.8 %

Shares of XPO traded up $2.67 during trading hours on Monday, reaching $96.45. 167,700 shares of the stock traded hands, compared to its average volume of 1,608,268. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.79 and a beta of 2.05. XPO has a 52 week low of $85.06 and a 52 week high of $161.00. The stock has a fifty day simple moving average of $117.09 and a 200 day simple moving average of $128.78.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts forecast that XPO will post 4.15 EPS for the current year.

XPO declared that its board has approved a stock buyback 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at XPO

In other news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were 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 owns 21,106 shares in the company, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of XPO. Stablepoint Partners LLC raised its holdings in XPO by 3.3% in the first quarter. Stablepoint Partners LLC now owns 3,771 shares of the transportation company’s stock worth $406,000 after buying an additional 122 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of XPO by 48.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,891 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 616 shares in the last quarter. Gilman Hill Asset Management LLC increased its holdings in XPO by 5.1% in the 1st quarter. Gilman Hill Asset Management LLC now owns 38,390 shares of the transportation company’s stock worth $4,130,000 after buying an additional 1,873 shares in the last quarter. Rhumbline Advisers grew its stake in shares of XPO by 0.7% in the first quarter. Rhumbline Advisers now owns 338,680 shares of the transportation company’s stock worth $36,435,000 after acquiring an additional 2,296 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in XPO by 144.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,751 shares of the transportation company’s stock worth $1,157,000 after purchasing an additional 6,354 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.