XPO (NYSE:XPO) Shares Gap Down to $118.25

XPO, Inc. (NYSE:XPO) gapped down before the market opened on Friday . The stock had previously closed at $118.25, but opened at $106.51. XPO shares last traded at $106.67, with a volume of 1,030,948 shares.

Analyst Ratings Changes

Several brokerages recently issued reports on XPO. Oppenheimer increased their target price on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Benchmark increased their target price on shares of XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley lowered shares of XPO from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Barclays increased their target price on shares of XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.65.

XPO Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market cap of $12.90 billion, a P/E ratio of 66.70, a price-to-earnings-growth ratio of 2.82 and a beta of 2.19. The business’s 50-day simple moving average is $122.11 and its two-hundred day simple moving average is $98.65.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Sell-side analysts expect that XPO, Inc. will post 3.47 EPS for the current year.

Hedge Funds Weigh In On XPO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Mather Group LLC. bought a new position in shares of XPO in the first quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of XPO by 170.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 211 shares during the period. Riverview Trust Co bought a new position in shares of XPO in the first quarter valued at approximately $31,000. Rise Advisors LLC bought a new position in shares of XPO in the first quarter valued at approximately $37,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of XPO in the first quarter valued at approximately $37,000. Institutional investors own 97.73% of the company’s stock.

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.