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

XPO, Inc. (NYSE:XPO)’s stock price gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XPO shares. TD Cowen boosted their price target on XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Benchmark boosted their price target on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Morgan Stanley downgraded XPO from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $75.00 to $80.00 in a research report on Monday, February 12th. Finally, StockNews.com downgraded XPO from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.65.

XPO Stock 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 company has a 50 day moving average of $122.29 and a 200 day moving average of $97.16. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 71.66, a PEG ratio of 2.86 and a beta of 2.19.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. XPO’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that XPO, Inc. will post 3.47 EPS for the current fiscal year.

Institutional Trading of XPO

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Resource Council bought a new position in shares of XPO during the first quarter valued at approximately $732,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of XPO during the first quarter valued at approximately $37,000. State of Michigan Retirement System grew its holdings in shares of XPO by 2.5% during the first quarter. State of Michigan Retirement System now owns 28,542 shares of the transportation company’s stock valued at $3,483,000 after purchasing an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of XPO by 10.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,754 shares of the transportation company’s stock valued at $702,000 after purchasing an additional 554 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of XPO during the first quarter valued at approximately $387,000. Institutional investors and hedge funds 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.