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

XPO, Inc. (NYSE:XPO) was down 3.2% during trading 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. Approximately 194,072 shares changed hands during trading, a decline of 87% from the average daily volume of 1,491,209 shares. The stock had previously closed at $141.12.

A number of other equities research analysts also recently weighed in on XPO. The Goldman Sachs Group raised their price objective on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Barclays raised their target price on shares of XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. TD Cowen upped their price target on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer raised their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D1 Capital Partners L.P. increased its stake in shares of XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after purchasing an additional 2,153,042 shares in the last quarter. State Street Corp increased its position in shares of XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after buying an additional 37,486 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after buying an additional 253,519 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of XPO by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after buying an additional 10,318 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of XPO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after buying an additional 130,322 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Down 4.2 %

The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.37 and a beta of 2.11. The business’s 50 day moving average is $144.98 and its 200-day moving average is $123.20. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (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 business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that XPO, Inc. will post 3.62 EPS for the current fiscal year.

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.