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 Upgrades and Downgrades

A number of brokerages recently issued reports on XPO. Citigroup increased their price target on shares of XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Susquehanna increased their price objective on shares of XPO from $100.00 to $140.00 and gave the company a “positive” rating in a report on Thursday, February 8th. TD Cowen increased their price objective on shares of XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. The Goldman Sachs Group increased their price objective on shares of XPO from $98.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, BMO Capital Markets increased their price objective on shares of XPO from $100.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.65.

XPO Trading Down 6.2 %

The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 66.70, a PEG ratio of 2.82 and a beta of 2.19. The company’s 50-day moving average is $122.11 and its 200-day moving average is $98.65. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the business earned $0.98 earnings per share. XPO’s revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that XPO, Inc. will post 3.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently made changes to their positions in XPO. Capital Research Global Investors increased its position in shares of XPO by 49.9% during the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after acquiring an additional 3,094,390 shares during the last quarter. Deutsche Bank AG boosted its stake 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 valued at $97,359,000 after purchasing an additional 1,294,002 shares during the period. Norges Bank purchased a new position in shares of XPO in the fourth quarter valued at approximately $79,592,000. Eminence Capital LP boosted its stake in shares of XPO by 137.4% in the third quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock valued at $88,943,000 after purchasing an additional 689,457 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of XPO by 76.5% in the third quarter. Invesco Ltd. now owns 1,258,725 shares of the transportation company’s stock valued at $93,976,000 after purchasing an additional 545,485 shares during the period. 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.