XPO (NYSE:XPO) Trading Down 2.2%

XPO, Inc. (NYSE:XPO - Get Free Report)'s share price was down 2.2% on Tuesday . The stock traded as low as $125.59 and last traded at $125.83. Approximately 43,492 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,313,717 shares. The stock had previously closed at $128.64.

Analyst Ratings Changes

Several research firms have recently issued reports on XPO. JPMorgan Chase & Co. lifted their price target on XPO from $97.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Bank of America lifted their target price on shares of XPO from $132.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Barclays increased their price target on shares of XPO from $100.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Susquehanna upped their target price on XPO from $100.00 to $140.00 and gave the company a "positive" rating in a research note on Thursday, February 8th. Finally, Oppenheimer raised their price target on XPO from $100.00 to $130.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.80.

XPO Stock Down 1.0 %

The firm has a market capitalization of $14.81 billion, a PE ratio of 79.07, a price-to-earnings-growth ratio of 3.10 and a beta of 2.19. 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 firm has a 50-day moving average of $118.23 and a two-hundred day moving average of $94.59.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.15. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. On average, equities research analysts forecast that XPO, Inc. will post 3.45 EPS for the current year.

Hedge Funds Weigh In On XPO

A number of hedge funds have recently made changes to their positions in the business. Capital Research Global Investors lifted its position in XPO by 49.9% during the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company's stock worth $813,824,000 after acquiring an additional 3,094,390 shares in the last quarter. MFN Partners Management LP lifted its position in shares of XPO by 68.4% during the first quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company's stock worth $524,187,000 after purchasing an additional 2,925,000 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of XPO by 12,894.9% in the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company's stock valued at $97,359,000 after purchasing an additional 1,294,002 shares during the period. Norges Bank acquired a new stake in XPO during the 4th quarter valued at $38,745,000. Finally, Balyasny Asset Management L.P. purchased a new stake in XPO during the 1st quarter worth $34,825,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

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.