XPO (NYSE:XPO) Price Target Raised to $135.00

by · The Markets Daily

XPO (NYSE:XPO – Free Report) had its price target raised by Truist Financial from $125.00 to $135.00 in a research report report published on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the transportation company’s stock.

Several other equities analysts have also weighed in on XPO. Wells Fargo & Company cut their price objective on shares of XPO from $130.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 price objective on the stock. Oppenheimer cut their price objective on shares of XPO from $142.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. TD Cowen cut their price objective on shares of XPO from $136.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, June 27th. Finally, Bank of America raised their price objective on shares of XPO from $119.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO presently has a consensus rating of “Buy” and an average price target of $134.89.

View Our Latest Research Report on XPO

XPO Stock Performance

Shares of XPO opened at $132.50 on Monday. XPO has a one year low of $85.06 and a one year high of $161.00. The company has a 50-day moving average of $117.89 and a two-hundred day moving average of $121.39. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.47 and a beta of 1.93. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO – Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts expect that XPO will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has initiated 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 stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On XPO

Several institutional investors and hedge funds have recently bought and sold shares of XPO. Capital Research Global Investors increased its holdings in XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in XPO in the 4th quarter valued at $231,667,000. Capital World Investors increased its holdings in XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after buying an additional 1,605,001 shares during the period. Norges Bank bought a new stake in XPO in the 4th quarter valued at $188,808,000. Finally, Durable Capital Partners LP increased its holdings in XPO by 246.4% in the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock valued at $215,730,000 after buying an additional 1,426,394 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

(Get Free Report)

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.

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