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

XPO, Inc. (NYSE:XPO)’s stock price traded down 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. 194,072 shares changed hands during trading, a decline of 87% from the average session volume of 1,491,209 shares. The stock had previously closed at $141.12.

Several other analysts have also recently issued reports on the company. Citigroup increased their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. 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. Susquehanna cut shares of XPO from a “positive” rating to a “neutral” rating and cut their target price for the company from $160.00 to $155.00 in a research note on Tuesday. Stifel Nicolaus boosted their price target 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. Finally, Oppenheimer raised their price objective on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.25.

Institutional Investors Weigh In On XPO

Several institutional investors have recently made changes to their positions in XPO. ORG Wealth Partners LLC bought a new position in XPO during the 3rd quarter valued at about $25,000. Quest Partners LLC purchased a new stake in shares of XPO in the second quarter worth approximately $28,000. Versant Capital Management Inc purchased a new stake in shares of XPO in the fourth quarter worth approximately $29,000. UMB Bank n.a. lifted its stake in shares of XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after acquiring an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in XPO during the 3rd quarter valued at $57,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Down 3.0 %

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a 50-day simple moving average of $144.98 and a 200 day simple moving average of $123.20. The company has a market cap of $15.94 billion, a P/E ratio of 44.30, a P/E/G ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last posted 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. On average, equities analysts anticipate that XPO, Inc. will post 3.62 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.