XPO (NYSE:XPO) Stock Price Down 3.2% on Analyst Downgrade

XPO, Inc. (NYSE:XPO - Get Free Report) dropped 3.2% on Tuesday after Wells Fargo & Company lowered their price target on the stock from $175.00 to $170.00. Wells Fargo & Company currently has an overweight rating on the stock. XPO traded as low as $134.61 and last traded at $136.67. 194,072 shares were traded during trading, a decline of 87% from the average session volume of 1,491,209 shares. The stock had previously closed at $141.12.

Several other analysts have also recently weighed in on XPO. Stephens reissued an "overweight" rating and set a $165.00 price objective on shares of XPO in a report on Wednesday, December 4th. Citigroup boosted their price target on shares of XPO from $155.00 to $179.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Barclays increased their price objective on shares of XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on shares of XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group increased their price target on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and an average target price of $148.25.

Institutional Trading of XPO

Several hedge funds have recently bought and sold shares of XPO. D1 Capital Partners L.P. boosted its position in XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. State Street Corp lifted its position in shares of XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock worth $373,903,000 after purchasing an additional 37,486 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company's stock worth $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in XPO by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company's stock valued at $165,299,000 after purchasing an additional 10,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company's stock valued at $159,243,000 after buying an additional 130,322 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 4.2 %

The firm's 50-day simple moving average is $144.98 and its 200 day simple moving average is $123.20. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $15.74 billion, a P/E ratio of 43.77, a PEG ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. XPO's quarterly revenue was up 3.7% on a year-over-year basis. As a group, research analysts expect that XPO, Inc. will post 3.62 EPS for the current year.

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.