XPO (NYSE:XPO) Trading Down 10.4% – What’s Next?

XPO, Inc. (NYSE:XPO) fell 10.4% on Friday . The company traded as low as $119.70 and last traded at $118.66. 679,763 shares were traded during mid-day trading, a decline of 52% from the average session volume of 1,410,057 shares. The stock had previously closed at $132.41.

Analyst Ratings Changes

A number of research firms have recently weighed in on XPO. Citigroup upped their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group lifted their price target on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Raymond James reduced their price target on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Benchmark lifted their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Barclays reduced their price target on XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.13.

XPO Stock Performance

The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 1.85 and a beta of 2.12. The stock’s 50-day simple moving average is $139.17 and its two-hundred day simple moving average is $129.87. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Hedge Funds Weigh In On XPO

Several large investors have recently bought and sold shares of the stock. Argent Trust Co raised its stake in shares of XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company’s stock valued at $517,000 after purchasing an additional 75 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares in the last quarter. Scientech Research LLC boosted its position in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock valued at $1,291,000 after acquiring an additional 84 shares in the last quarter. UMB Bank n.a. boosted its position in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 86 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its position in shares of XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock valued at $607,000 after acquiring an additional 96 shares in the last quarter. 97.73% of the stock is currently 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.