XPO (NYSE:XPO) Shares Gap Down to $118.25

XPO, Inc. (NYSE:XPO)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $118.25, but opened at $106.51. XPO shares last traded at $106.67, with a volume of 1,030,948 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XPO. Oppenheimer increased their price target on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Barclays increased their price objective on XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Susquehanna increased their price objective on XPO from $100.00 to $140.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Citigroup increased their price objective on XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Raymond James increased their price objective on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.65.

XPO Stock Performance

The firm has a market capitalization of $12.90 billion, a PE ratio of 68.88, a price-to-earnings-growth ratio of 2.84 and a beta of 2.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm has a 50-day moving average price of $121.92 and a 200 day moving average price of $99.02.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. Research analysts expect that XPO, Inc. will post 3.47 earnings per share for the current year.

Institutional Trading of XPO

Several hedge funds have recently modified their holdings of the stock. K.J. Harrison & Partners Inc raised its stake in shares of XPO by 15.0% in the first quarter. K.J. Harrison & Partners Inc now owns 8,051 shares of the transportation company’s stock valued at $982,000 after acquiring an additional 1,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of XPO by 88.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,480 shares of the transportation company’s stock valued at $5,794,000 after acquiring an additional 22,252 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of XPO in the first quarter valued at $1,405,000. Simplicity Wealth LLC acquired a new stake in shares of XPO in the first quarter valued at $391,000. Finally, Global Retirement Partners LLC raised its stake in XPO by 33.8% in the first quarter. Global Retirement Partners LLC now owns 3,068 shares of the transportation company’s stock valued at $374,000 after buying an additional 775 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.