XPO (NYSE:XPO) Shares Gap Down on Analyst Downgrade

XPO, Inc. (NYSE:XPO - Get Free Report)'s stock price gapped down prior to trading on Friday after Susquehanna lowered their price target on the stock from $180.00 to $138.00. The stock had previously closed at $113.21, but opened at $110.43. Susquehanna currently has a positive rating on the stock. XPO shares last traded at $109.79, with a volume of 258,748 shares.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 price objective for the company in a report on Monday, February 24th. Bank of America lowered their target price on shares of XPO from $150.00 to $131.00 and set a "buy" rating for the company in a research note on Friday. Oppenheimer lifted their price target on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Thursday, March 6th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $153.16.

Insider Buying and Selling

In related news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of XPO during the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. increased its holdings in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after purchasing an additional 86 shares during the period. Institutional investors own 97.73% of the company's stock.

XPO Trading Up 2.4 %

The company has a market cap of $12.91 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.79 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The business's 50 day moving average price is $125.37 and its 200-day moving average price is $129.96.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its board has authorized a stock repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.