XPO (NYSE:XPO) Trading Down 5.7%

XPO, Inc. (NYSE:XPO) dropped 5.7% during trading on Wednesday . The stock traded as low as $108.55 and last traded at $113.93. Approximately 1,179,175 shares were traded during trading, a decline of 9% from the average daily volume of 1,292,560 shares. The stock had previously closed at $120.84.

Analyst Ratings Changes

XPO has been the subject of a number of recent analyst reports. Raymond James raised their price objective on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Oppenheimer raised their price objective on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Stifel Nicolaus raised their price objective on XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. TD Cowen lifted their target price on XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, Benchmark lifted their target price on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $111.65.

XPO Price Performance

The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50 day moving average price of $121.92 and a 200 day moving average price of $98.87. The firm has a market cap of $12.90 billion, a PE ratio of 68.89, a PEG ratio of 2.82 and a beta of 2.19.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share 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 for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. XPO’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that XPO, Inc. will post 3.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XPO. Flputnam Investment Management Co. increased its position in XPO by 1.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after purchasing an additional 145 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in XPO by 1.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after purchasing an additional 160 shares in the last quarter. CWM LLC increased its position in XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after purchasing an additional 160 shares in the last quarter. 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 worth $408,000 after purchasing an additional 165 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in XPO by 20.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other 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.