XPO (NYSE:XPO) Stock Price Down 5.7%

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XPO. Morgan Stanley downgraded shares of XPO from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $75.00 to $80.00 in a research report on Monday, February 12th. StockNews.com lowered XPO from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Bank of America raised their price target on XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Barclays boosted their price target on XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus raised their target price on shares of XPO from $77.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.65.

XPO Stock Performance

The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 71.98, a PEG ratio of 2.79 and a beta of 2.19. The company’s 50-day simple moving average is $122.22 and its 200-day simple moving average is $98.38. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. On average, analysts expect that XPO, Inc. will post 3.47 EPS for the current year.

Hedge Funds Weigh In On XPO

Hedge funds have recently bought and sold shares of the company. Dakota Wealth Management bought a new position in XPO during the first quarter worth $1,405,000. Simplicity Wealth LLC purchased a new stake in shares of XPO during the 1st quarter worth approximately $391,000. Global Retirement Partners LLC raised its position in shares of XPO by 33.8% in the first quarter. Global Retirement Partners LLC now owns 3,068 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 775 shares during the period. TriaGen Wealth Management LLC lifted its holdings in XPO by 3.4% during the 1st quarter. TriaGen Wealth Management LLC now owns 7,029 shares of the transportation company’s stock worth $858,000 after purchasing an additional 228 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in XPO by 2.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 33,400 shares of the transportation company’s stock worth $4,076,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

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.