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

XPO, Inc. (NYSE:XPO) shares traded down 3.5% during mid-day 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. 1,526,676 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 1,470,445 shares. The stock had previously closed at $116.80.

Several other research firms also recently weighed in on XPO. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $155.00 to $180.00 in a research note on Friday, February 7th. Barclays decreased their price target on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Oppenheimer raised their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Monday, February 24th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $162.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its position in XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. Vanguard Group Inc. boosted its stake in XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company’s stock worth $1,447,231,000 after acquiring an additional 79,393 shares in the last quarter. Capital World Investors grew its holdings in XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the period. D1 Capital Partners L.P. lifted its holdings in shares of XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after purchasing an additional 2,153,042 shares during the last quarter. Finally, State Street Corp boosted its position in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after purchasing an additional 37,486 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

The firm has a 50 day moving average of $135.26 and a two-hundred day moving average of $130.50. The company has a market cap 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 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 posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Research analysts predict that XPO, Inc. will post 4.15 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.