XPO (NYSE:XPO) Shares Down 3.5% Following Analyst Downgrade

XPO, Inc. (NYSE:XPO)’s share price dropped 3.5% during trading on Wednesday after Bank of America lowered their price target on the stock from $170.00 to $150.00. Bank of America currently has a buy rating on the stock. XPO traded as low as $111.33 and last traded at $112.67. Approximately 1,526,676 shares were traded during trading, an increase of 4% from the average daily volume of 1,470,445 shares. The stock had previously closed at $116.80.

Other equities research analysts have also recently issued research reports about the stock. Barclays cut their target price on shares of XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research report on Monday, February 24th. Citigroup increased their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stephens reissued an “overweight” rating and issued a $171.00 price objective on shares of XPO in a research note on Wednesday. Finally, UBS Group raised their price objective on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Sixteen analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $162.50.

Institutional Trading of XPO

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in shares of XPO in the 4th quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. increased its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC boosted its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares during the period. Finally, Brooklyn Investment Group acquired a new position in XPO in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Down 3.5 %

The company has a market capitalization of $13.21 billion, a PE ratio of 34.88, a P/E/G ratio of 1.79 and a beta of 2.12. The firm has a 50 day simple moving average of $134.81 and a two-hundred day simple moving average of $130.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Research analysts expect that XPO, Inc. will post 4.15 EPS for the current 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.