XPO (NYSE:XPO) Shares Gap Down – Here’s What Happened

XPO, Inc. (NYSE:XPO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $143.43, but opened at $136.38. XPO shares last traded at $134.5820, with a volume of 857,726 shares changing hands.

Analyst Ratings Changes

XPO has been the topic of a number of research reports. Susquehanna restated a “positive” rating and issued a $162.00 price target on shares of XPO in a report on Friday, October 31st. Bank of America lifted their target price on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research note on Wednesday, October 8th. Truist Financial set a $145.00 price target on XPO in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus set a $149.00 price objective on shares of XPO in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $149.45.

XPO Price Performance

The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 50.59, a price-to-earnings-growth ratio of 2.85 and a beta of 2.03. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day simple moving average of $133.38 and a two-hundred day simple moving average of $129.10.

XPO (NYSE:XPO) last released its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Insider Activity at XPO

In other news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XPO

A number of institutional investors have recently bought and sold shares of XPO. Bayforest Capital Ltd raised its stake in XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the period. RMG Wealth Management LLC acquired a new position in shares of XPO during the 2nd quarter worth approximately $26,000. SouthState Corp acquired a new position in shares of XPO during the 1st quarter worth approximately $25,000. Root Financial Partners LLC bought a new stake in XPO in the 3rd quarter valued at $32,000. Finally, Horizon Investments LLC acquired a new stake in XPO during the 3rd quarter valued at $39,000. Institutional investors and hedge funds 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.