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

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XPO shares. Oppenheimer raised their price target on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Benchmark raised their price target on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. TD Cowen raised their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group raised their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.13.

XPO Stock Down 5.8 %

The stock has a market capitalization of $14.62 billion, a P/E ratio of 38.61, a PEG ratio of 1.79 and a beta of 2.12. 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 stock’s fifty day moving average is $138.54 and its two-hundred day moving average is $130.00.

XPO (NYSE:XPO) last issued 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 net margin of 4.81% and a return on equity of 30.36%. As a group, research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Institutional Trading of XPO

A number of large investors have recently added to or reduced their stakes in XPO. D1 Capital Partners L.P. boosted its holdings in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares in the last quarter. Capital Research Global Investors boosted its stake in XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after purchasing an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in XPO in the 4th quarter worth approximately $231,667,000. Capital World Investors boosted its stake in XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the period. Finally, Norges Bank acquired a new position in XPO in the 4th quarter worth approximately $188,808,000. 97.73% of the stock is currently owned by institutional investors.

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.