Bank of America Cuts XPO (NYSE:XPO) Price Target to $131.00

XPO (NYSE:XPO) had its target price cut by Bank of America from $150.00 to $131.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other research analysts also recently commented on the company. Oppenheimer upped their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Raymond James lowered their price target on shares of XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a research report on Friday, March 7th. They issued a “buy” rating and a $156.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of XPO from $170.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Benchmark raised their price target on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Nineteen equities research 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 price target of $155.37.

XPO Stock Down 5.2 %

XPO stock opened at $107.36 on Friday. XPO has a twelve month low of $97.03 and a twelve month high of $161.00. 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 capitalization of $12.59 billion, a P/E ratio of 33.24, a PEG ratio of 1.79 and a beta of 2.13. The firm has a 50 day simple moving average of $125.98 and a 200-day simple moving average of $129.96.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts predict that XPO will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has approved a share repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at XPO

In other news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in XPO by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,501 shares of the transportation company’s stock worth $2,033,000 after purchasing an additional 111 shares during the period. Empirical Capital Management LLC lifted its holdings in shares of XPO by 12.0% in the fourth quarter. Empirical Capital Management LLC now owns 56,000 shares of the transportation company’s stock valued at $7,344,000 after purchasing an additional 6,000 shares in the last quarter. Amiral Gestion acquired a new stake in shares of XPO in the fourth quarter worth $708,000. Vise Technologies Inc. acquired a new stake in shares of XPO in the fourth quarter worth $241,000. Finally, White Knight Strategic Wealth Advisors LLC purchased a new position in shares of XPO during the fourth quarter valued at $381,000. 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.