XPO (NYSE:XPO) Shares Down 3.2% Following Analyst Downgrade

XPO, Inc. (NYSE:XPO)’s stock price dropped 3.2% 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.

A number of other equities analysts also recently commented on XPO. Stifel Nicolaus boosted their price objective 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. Oppenheimer boosted their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Citigroup raised their price objective on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $155.00 in a report on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

Institutional Trading of XPO

Several large investors have recently made changes to their positions in XPO. Oliver Luxxe Assets LLC grew its position in XPO by 5.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 20,559 shares of the transportation company’s stock worth $2,696,000 after purchasing an additional 1,066 shares during the period. Everence Capital Management Inc. acquired a new stake in XPO during the fourth quarter worth about $395,000. GAMMA Investing LLC lifted its holdings in XPO by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 191 shares during the period. Versant Capital Management Inc acquired a new position in XPO in the fourth quarter valued at approximately $29,000. Finally, JPMorgan Chase & Co. grew its stake in shares of XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after purchasing an additional 185,686 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

The firm’s 50 day moving average is $144.98 and its 200-day moving average is $123.20. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 2.37 and a beta of 2.11. 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 issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during 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 firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Analysts forecast that XPO, Inc. will post 3.62 earnings per share 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.