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

XPO, Inc. (NYSE:XPO - Get Free Report)'s share 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. TD Cowen upped their price objective on XPO from $129.00 to $136.00 and gave the stock an "outperform" rating in a research report on Thursday, March 7th. StockNews.com lowered XPO from a "hold" rating to a "sell" rating in a research report on Thursday, December 28th. Barclays boosted their target price on XPO from $100.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Bank of America upped their target price on XPO from $137.00 to $139.00 and gave the company a "buy" rating in a report on Monday. Finally, The Goldman Sachs Group upped their price objective on XPO from $98.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.65.

XPO Stock Performance

The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 74.04, a PEG ratio of 2.97 and a beta of 2.19. The firm's fifty day moving average price is $122.29 and its 200-day moving average price is $96.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. Analysts expect that XPO, Inc. will post 3.46 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Several hedge funds have recently modified their holdings of the stock. Dorsey Wright & Associates purchased a new stake in shares of XPO during the third quarter valued at approximately $1,252,000. Lisanti Capital Growth LLC boosted its holdings in shares of XPO by 527.2% during the third quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company's stock valued at $6,753,000 after acquiring an additional 76,025 shares during the period. Deutsche Bank AG lifted its holdings in XPO by 12,894.9% in the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company's stock worth $97,359,000 after purchasing an additional 1,294,002 shares during the period. PNC Financial Services Group Inc. lifted its holdings in XPO by 11.0% in the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company's stock worth $443,000 after purchasing an additional 586 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in XPO by 2.7% in the fourth quarter. New York State Teachers Retirement System now owns 123,804 shares of the transportation company's stock worth $10,844,000 after purchasing an additional 3,207 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

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.