XPO (NYSE:XPO) Trading Down 3.2% After Analyst Downgrade

XPO, Inc. (NYSE:XPOGet Free Report) shares traded down 3.2% on Tuesday after Wells Fargo & Company lowered their price target on the stock from $175.00 to $170.00. Wells Fargo & Company currently has an overweight rating on the stock. XPO traded as low as $134.61 and last traded at $136.67. 194,072 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,491,209 shares. The stock had previously closed at $141.12.

Several other analysts have also issued reports on XPO. Oppenheimer boosted their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Evercore ISI reduced their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. TD Cowen lifted their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup lifted their target price on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.25.

Read Our Latest Analysis on XPO

Institutional Trading of XPO

Several hedge funds have recently modified their holdings of the company. Perennial Investment Advisors LLC increased its stake in XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after acquiring an additional 103 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of XPO by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 107 shares during the last quarter. CIBC Asset Management Inc raised its holdings in XPO by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after buying an additional 116 shares during the period. Stephens Inc. AR lifted its position in XPO by 6.4% in the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after buying an additional 142 shares during the last quarter. Finally, Resources Management Corp CT ADV boosted its stake in XPO by 1.9% during the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after buying an additional 145 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

The firm has a market cap of $15.96 billion, a P/E ratio of 44.38, a PEG ratio of 2.37 and a beta of 2.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day simple moving average is $145.34 and its two-hundred day simple moving average is $123.50.

XPO (NYSE:XPOGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm posted $0.88 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

About XPO

(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.

Further Reading

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