XPO (NYSE:XPO) Shares Gap Up After Strong Earnings

XPO, Inc. (NYSE:XPO - Get Free Report)'s stock price gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $136.31, but opened at $149.99. XPO shares last traded at $148.90, with a volume of 360,526 shares trading hands.

The transportation company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on XPO shares. Citigroup increased their price target on XPO from $155.00 to $179.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Susquehanna raised shares of XPO from a "neutral" rating to a "positive" rating and raised their target price for the company from $155.00 to $180.00 in a research note on Friday. Jefferies Financial Group lifted their price target on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Raymond James reduced their target price on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.35.

Hedge Funds Weigh In On XPO

Several large investors have recently modified their holdings of the stock. D1 Capital Partners L.P. increased its position in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock valued at $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of XPO in the fourth quarter valued at about $163,938,000. Life Planning Partners Inc lifted its position in shares of XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after purchasing an additional 830,963 shares during the period. Raymond James Financial Inc. bought a new position in XPO in the fourth quarter worth approximately $91,158,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of XPO by 239.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock worth $59,486,000 after acquiring an additional 390,320 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

XPO Stock Down 1.3 %

The business's fifty day moving average price is $141.20 and its two-hundred day moving average price is $128.19. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $17.02 billion, a P/E ratio of 45.27, a PEG ratio of 1.93 and a beta of 2.12.

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.