Shares of XPO, Inc. (NYSE:XPO – Get Free Report) gapped down prior to trading on Thursday after TD Cowen lowered their price target on the stock from $143.00 to $142.00. The stock had previously closed at $113.66, but opened at $105.80. TD Cowen currently has a buy rating on the stock. XPO shares last traded at $104.24, with a volume of 433,482 shares traded.
Other research analysts also recently issued reports about the company. Evercore ISI decreased their price objective on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Stifel Nicolaus lifted their target price on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Friday, August 2nd. Susquehanna dropped their price objective on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. Finally, Wells Fargo & Company cut their target price on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.06.
Hedge Funds Weigh In On XPO
A number of institutional investors have recently bought and sold shares of XPO. Mather Group LLC. bought a new position in XPO during the 1st quarter valued at about $27,000. Blue Trust Inc. grew its position in shares of XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares during the last quarter. Quest Partners LLC acquired a new position in shares of XPO during the second quarter worth $28,000. Benjamin F. Edwards & Company Inc. raised its stake in 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 buying an additional 211 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in shares of XPO in the 1st quarter valued at approximately $31,000. 97.73% of the stock is owned by institutional investors.
XPO Stock Down 9.6 %
The company’s 50 day moving average price is $112.70 and its 200 day moving average price is $114.45. 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 firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 50.03, a P/E/G ratio of 1.78 and a beta of 2.11.
XPO (NYSE:XPO – Get Free Report) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the company posted $0.71 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts forecast that XPO, Inc. will post 3.61 earnings per share for the current fiscal year.
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.