XPO (NYSE:XPO) Shares Down 2.6%

XPO, Inc. (NYSE:XPO) shares fell 2.6% during mid-day trading on Friday . The stock traded as low as $111.86 and last traded at $112.06. 127,963 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,451,895 shares. The stock had previously closed at $115.10.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XPO shares. Susquehanna reduced their price objective on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Stifel Nicolaus lifted their price objective on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. Stephens restated an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Friday, June 7th. Bank of America lowered their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Evercore ISI reduced their price objective on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Two analysts have rated the stock with a sell rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.18.

XPO Trading Down 0.4 %

The business has a 50 day moving average of $112.18 and a two-hundred day moving average of $114.59. The firm has a market cap of $13.33 billion, a P/E ratio of 56.19, a PEG ratio of 1.88 and a beta of 2.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. Analysts predict that XPO, Inc. will post 3.61 earnings per share for the current year.

Institutional Investors Weigh In On XPO

A number of institutional investors have recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of XPO during the first quarter worth approximately $27,000. Riverview Trust Co acquired a new position in XPO in the 1st quarter valued at $31,000. Blue Trust Inc. increased its position in XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares during the period. Quest Partners LLC acquired a new stake in shares of XPO during the second quarter worth $28,000. Finally, ORG Partners LLC bought a new stake in shares of XPO in the first quarter valued at about $36,000. Institutional investors own 97.73% of the company’s stock.

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.