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

XPO, Inc. (NYSE:XPO) dropped 3.2% during mid-day 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 mid-day trading, a decline of 87% from the average daily volume of 1,491,209 shares. The stock had previously closed at $141.12.

XPO has been the topic of a number of other reports. Citigroup raised their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stephens reissued an “overweight” rating and issued a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $155.00 in a report on Tuesday. Evercore ISI reduced their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Benchmark restated a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.25.

Hedge Funds Weigh In On XPO

Several large investors have recently modified their holdings of the stock. TD Asset Management Inc purchased a new position in shares of XPO during the 2nd quarter worth about $984,000. Arizona State Retirement System raised its holdings in shares of XPO by 2.0% in the second quarter. Arizona State Retirement System now owns 32,505 shares of the transportation company’s stock worth $3,450,000 after buying an additional 633 shares during the period. Quest Partners LLC bought a new stake in shares of XPO during the 2nd quarter worth approximately $28,000. Texas Permanent School Fund Corp boosted its holdings in XPO by 15.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 117,565 shares of the transportation company’s stock valued at $12,480,000 after acquiring an additional 15,944 shares during the period. Finally, Thoroughbred Financial Services LLC grew its position in XPO by 2.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,615 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

The firm has a market cap of $15.74 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. The business has a 50 day simple moving average of $144.98 and a two-hundred day simple moving average of $123.20. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last announced 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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. As a group, equities research analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

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.