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

XPO, Inc. (NYSE:XPO) shares 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 trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Benchmark raised their price objective on shares of XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com lowered shares of XPO from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Susquehanna lifted their price target on shares of XPO from $100.00 to $140.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Finally, The Goldman Sachs Group lifted their price target on shares of XPO from $98.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Two 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 has an average rating of “Moderate Buy” and a consensus price target of $111.65.

XPO Price Performance

The company has a market capitalization of $13.87 billion, a P/E ratio of 75.98, a P/E/G ratio of 2.97 and a beta of 2.19. The business’s 50-day simple moving average is $122.29 and its 200 day simple moving average 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) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that XPO, Inc. will post 3.46 EPS for the current year.

Institutional Trading of XPO

A number of hedge funds and other institutional investors have recently made changes to their positions in XPO. Capital Research Global Investors raised its holdings in shares of XPO by 49.9% in the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after purchasing an additional 3,094,390 shares in the last quarter. MFN Partners Management LP increased its position in shares of XPO by 68.4% in the first quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company’s stock worth $524,187,000 after acquiring an additional 2,925,000 shares in the last quarter. Deutsche Bank AG increased its position 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 worth $97,359,000 after acquiring an additional 1,294,002 shares in the last quarter. Norges Bank purchased a new position in shares of XPO in the fourth quarter worth approximately $38,745,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of XPO in the first quarter worth approximately $34,825,000. 97.73% of the stock is currently owned by institutional investors.

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.