XPO (NYSE:XPO) Trading Down 5.7%

XPO, Inc. (NYSE:XPO) shares traded down 5.7% during mid-day trading on Wednesday . The company traded as low as $108.55 and last traded at $113.93. 1,179,175 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 1,292,560 shares. The stock had previously closed at $120.84.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XPO shares. StockNews.com cut XPO from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Susquehanna raised their price target on XPO from $100.00 to $140.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Raymond James raised their price target on XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Citigroup raised their price target on XPO from $100.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised their price target on XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.65.

XPO Price Performance

The firm has a market cap of $12.90 billion, a P/E ratio of 68.89, a PEG ratio of 2.82 and a beta of 2.19. The business has a fifty day moving average of $121.92 and a 200 day moving average of $98.87. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that XPO, Inc. will post 3.47 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Institutional investors have recently made changes to their positions in the stock. Dorsey Wright & Associates bought a new stake in shares of XPO in the third quarter valued at approximately $1,252,000. Lisanti Capital Growth LLC raised its position in XPO by 527.2% during the third quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company’s stock valued at $6,753,000 after purchasing an additional 76,025 shares in the last quarter. Deutsche Bank AG raised its position in XPO by 12,894.9% during the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock valued at $97,359,000 after purchasing an additional 1,294,002 shares in the last quarter. PNC Financial Services Group Inc. raised its position in XPO by 11.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 586 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in XPO by 2.7% during the fourth quarter. New York State Teachers Retirement System now owns 123,804 shares of the transportation company’s stock valued at $10,844,000 after purchasing an additional 3,207 shares in the last quarter. 97.73% of the stock is currently owned by 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.