XPO (NYSE:XPO) Shares Down 10.4% - Here's Why

XPO, Inc. (NYSE:XPO - Get Free Report)'s stock price was down 10.4% during mid-day trading on Friday . The company traded as low as $119.70 and last traded at $118.66. Approximately 679,763 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 1,410,057 shares. The stock had previously closed at $132.41.

Analyst Upgrades and Downgrades

XPO has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of XPO from $175.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group raised their price objective on XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Stifel Nicolaus upgraded XPO from a "hold" rating to a "buy" rating and set a $147.00 target price for the company in a report on Monday. JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Sixteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $161.13.

XPO Stock Down 1.4 %

The firm's 50-day simple moving average is $137.85 and its 200-day simple moving average is $130.34. 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 company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12.

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XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Institutional Trading of XPO

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in XPO during the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO during the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. boosted its position in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after acquiring an additional 130 shares in the last quarter. Larson Financial Group LLC increased its stake in 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 acquiring an additional 76 shares during the period. Finally, Brooklyn Investment Group acquired a new position in XPO in the third quarter worth about $57,000. 97.73% of the stock is currently owned by institutional investors.

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.