XPO (NYSE:XPO) Trading Down 10.4% – Time to 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.

Wall Street Analyst Weigh In

XPO has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their price target on XPO from $124.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. TD Cowen increased their price target on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark increased their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Citigroup increased their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.13.

XPO Stock Down 5.8 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average price is $138.54 and its 200 day moving average price is $130.00. The firm has a market cap of $14.62 billion, a P/E ratio of 38.61, a PEG ratio of 1.79 and a beta of 2.12.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS 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, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPO

Several large investors have recently modified their holdings of XPO. Versant Capital Management Inc bought a new position in shares of XPO during the fourth quarter worth about $29,000. Halbert Hargrove Global Advisors LLC bought a new position in XPO in the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. lifted its holdings in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC lifted its holdings in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in XPO in the third quarter worth about $57,000. Institutional investors own 97.73% of the company’s stock.

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.