XPO (NYSE:XPO) Given New $130.00 Price Target at Wells Fargo & Company

XPO (NYSE:XPO) had its price target decreased by Wells Fargo & Company from $170.00 to $130.00 in a research report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group boosted their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America cut their price objective on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research report on Monday, February 24th. UBS Group lifted their price target on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Stephens reiterated an “overweight” rating and set a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. 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 target price of $156.37.

XPO Stock Up 1.8 %

NYSE:XPO opened at $112.82 on Thursday. 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 has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a 50-day moving average of $126.59 and a 200 day moving average of $129.53. The firm has a market cap of $13.23 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that XPO will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has initiated a stock buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at XPO

In related news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Trading of XPO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp grew its position in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in XPO in the third quarter valued at approximately $534,000. Natixis Advisors LLC increased its position in shares of XPO by 42.8% in the fourth quarter. Natixis Advisors LLC now owns 61,414 shares of the transportation company’s stock valued at $8,054,000 after buying an additional 18,398 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of XPO during the 4th quarter worth approximately $423,000. Finally, JPMorgan Chase & Co. lifted its position in shares of XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after buying an additional 185,686 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

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.