XPO (NYSE:XPO) Trading Down 3.3% – Time to Sell?

XPO, Inc. (NYSE:XPO) was down 3.3% during mid-day trading on Friday . The stock traded as low as $138.34 and last traded at $140.69. Approximately 290,626 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,474,627 shares. The stock had previously closed at $145.51.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company boosted their price target on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. TD Cowen increased their price objective on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Evercore ISI decreased their target price on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus lifted their price target on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.31.

XPO Stock Down 7.1 %

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 company has a 50-day moving average of $140.59 and a two-hundred day moving average of $120.90. The company has a market capitalization of $15.74 billion, a PE ratio of 43.77, a P/E/G ratio of 2.37 and a beta of 2.08.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Sell-side analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Institutional Trading of XPO

Several institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management bought a new position in shares of XPO in the third quarter worth about $534,000. Traynor Capital Management Inc. grew its position in shares of XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after purchasing an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. raised its stake in XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after purchasing an additional 10,740 shares during the period. Finally, Whalen Wealth Management Inc. purchased a new position in XPO in the 3rd quarter worth approximately $706,000. 97.73% of the stock is currently owned by 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.