XPO (NYSE:XPO) Stock Price Down 8.4% - Time to Sell?

Key Points

• XPO, Inc. shares fell 8.4%, trading at $121.19, a significant decline from the previous close of $132.29, with a drastic drop in trading volume.
• Analyst ratings are generally positive, with an overall consensus rating of "Moderate Buy" and a consensus price target of $141.16.
• In the most recent quarterly earnings report, XPO exceeded analyst expectations with an EPS of $1.05, reflecting a net margin of 4.87%.

XPO, Inc. (NYSE:XPO - Get Free Report) shares dropped 8.4% during mid-day trading on Thursday . The company traded as low as $121.33 and last traded at $121.19. Approximately 647,359 shares changed hands during trading, a decline of 60% from the average daily volume of 1,615,945 shares. The stock had previously closed at $132.29.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Stephens restated an "overweight" rating and issued a $131.00 target price on shares of XPO in a research report on Thursday, June 5th. Wells Fargo & Company boosted their target price on XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley dropped their target price on XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday. Citigroup upgraded XPO from a "neutral" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

XPO Stock Down 1.3%

The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The stock has a market capitalization of $13.99 billion, a PE ratio of 41.09, a PEG ratio of 2.33 and a beta of 1.93. The company has a 50 day moving average price of $125.52 and a 200-day moving average price of $120.38.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. The business's revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its stake in XPO by 57.3% in the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock worth $9,738,000 after purchasing an additional 27,034 shares during the period. Pictet Asset Management Holding SA grew its stake in XPO by 6.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 15,786 shares of the transportation company's stock worth $2,070,000 after purchasing an additional 1,015 shares during the period. California Public Employees Retirement System grew its stake in XPO by 18.6% in the fourth quarter. California Public Employees Retirement System now owns 179,267 shares of the transportation company's stock worth $23,511,000 after purchasing an additional 28,084 shares during the period. O Shaughnessy Asset Management LLC grew its stake in XPO by 13.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,699 shares of the transportation company's stock worth $1,010,000 after purchasing an additional 908 shares during the period. Finally, HighPoint Advisor Group LLC grew its stake in XPO by 10.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,842 shares of the transportation company's stock worth $242,000 after purchasing an additional 174 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

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.