XPO (NYSE:XPO) Trading Down 3.5% Following Analyst Downgrade

XPO, Inc. (NYSE:XPO - Get Free Report)'s share price traded down 3.5% during trading on Wednesday after Bank of America lowered their price target on the stock from $170.00 to $150.00. Bank of America currently has a buy rating on the stock. XPO traded as low as $111.33 and last traded at $112.67. 1,526,676 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 1,470,445 shares. The stock had previously closed at $116.80.

XPO has been the topic of a number of other research reports. UBS Group increased their price target on XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Citigroup lifted their price target on shares of XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Oppenheimer boosted their price target on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Raymond James decreased their price objective on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, Susquehanna raised shares of XPO from a "neutral" rating to a "positive" rating and raised their price target for the company from $155.00 to $180.00 in a research note on Friday, February 7th. Eighteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has a consensus rating of "Buy" and an average target price of $160.89.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XPO. Empirical Capital Management LLC lifted its stake in shares of XPO by 12.0% in the 4th quarter. Empirical Capital Management LLC now owns 56,000 shares of the transportation company's stock valued at $7,344,000 after purchasing an additional 6,000 shares during the last quarter. Amiral Gestion acquired a new stake in XPO in the 4th quarter valued at approximately $708,000. Vise Technologies Inc. acquired a new position in XPO during the fourth quarter worth $241,000. White Knight Strategic Wealth Advisors LLC acquired a new stake in shares of XPO in the fourth quarter valued at $381,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of XPO by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 292,304 shares of the transportation company's stock valued at $38,336,000 after buying an additional 29,359 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Down 2.7 %

The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. 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 50 day moving average of $133.88 and a 200-day moving average of $130.24.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, research analysts anticipate that XPO, Inc. will post 4.15 earnings per share 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.