XPO (NYSE:XPO) Shares Gap Down to $122.33

XPO, Inc. (NYSE:XPO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $122.33, but opened at $118.00. XPO shares last traded at $118.38, with a volume of 1,254,416 shares changing hands.

Analysts Set New Price Targets

XPO has been the topic of several analyst reports. Citigroup lifted their target price on XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. The Goldman Sachs Group lifted their target price on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus lifted their target price on XPO from $77.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. TD Cowen lifted their price target on XPO from $129.00 to $136.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets lifted their price target on XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.65.

XPO Price Performance

The business has a fifty day moving average price of $122.29 and a 200-day moving average price of $97.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $13.32 billion, a PE ratio of 71.66, a PEG ratio of 2.86 and a beta of 2.19.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that XPO, Inc. will post 3.47 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Flputnam Investment Management Co. lifted its stake in shares of XPO by 1.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock valued at $580,000 after acquiring an additional 145 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of XPO by 3.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,683 shares of the transportation company’s stock worth $410,000 after acquiring an additional 147 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of XPO by 1.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after acquiring an additional 160 shares in the last quarter. CWM LLC raised its position in shares of XPO by 25.2% in the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after acquiring an additional 160 shares in the last quarter. Finally, M&T Bank Corp increased its position in XPO by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock valued at $408,000 after buying an additional 165 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

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.