XPO (NYSE:XPO) Trading Down 10.4% – Should You Sell?

Shares of XPO, Inc. (NYSE:XPO) dropped 10.4% during trading on Friday . The company traded as low as $119.70 and last traded at $118.66. Approximately 679,763 shares were traded during 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 a number of research analyst reports. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Barclays dropped their price objective on shares of XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. UBS Group raised their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Oppenheimer upped their price objective on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.13.

XPO Trading Down 6.6 %

The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 1.85 and a beta of 2.12. The firm’s 50 day moving average is $139.17 and its 200 day moving average is $129.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. Equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Institutional Trading of XPO

Hedge funds have recently bought and sold shares of the company. Amiral Gestion purchased a new stake in XPO in the 4th quarter worth about $708,000. Vise Technologies Inc. purchased a new stake in shares of XPO in the fourth quarter worth approximately $241,000. White Knight Strategic Wealth Advisors LLC purchased a new stake in shares of XPO in the fourth quarter worth approximately $381,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of XPO by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 292,304 shares of the transportation company’s stock worth $38,336,000 after purchasing an additional 29,359 shares during the period. Finally, Zimmer Partners LP purchased a new position in XPO during the fourth quarter valued at approximately $3,016,000. 97.73% of the stock is owned by hedge funds and other 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.