XPO (NYSE:XPO) Stock Price Down 5.6% – Here’s Why

XPO, Inc. (NYSE:XPO – Get Free Report) was down 5.6% on Friday .

The company traded as low as $90.00 and last traded at $91.82.



Approximately 238,948 shares were traded during trading, a decline of 85% from the average daily volume of 1,599,461 shares. The stock had previously closed at $97.29.

Analyst Upgrades and DowngradesA number of analysts have recently issued reports on XPO shares. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Monday, February 24th.

Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 price objective for the company.

Oppenheimer dropped their price objective on shares of XPO from $176.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th.

UBS Group reduced their target price on shares of XPO from $170.00 to $108.00 and set a “buy” rating for the company in a report on Tuesday, April 8th.

Finally, Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Thursday, March 6th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $140.

16.Check Out Our Latest Research Report on XPOXPO Stock Down 3.7 %The company has a current ratio of 1.

06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.

79 and a beta of 2.05. The firm’s 50-day moving average price is $117.

09 and its 200 day moving average price is $128.66. XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th.

The transportation company reported $0.89 EPS for the quarter, beating 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, sell-side analysts forecast that XPO, Inc. will post 4.

15 EPS for the current fiscal year. XPO declared that its Board of Directors has approved a stock buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in shares.

This buyback authorization allows the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their BetsIn related news, COO David J. Bates purchased 1,880 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $106.

16 per share, for a total transaction of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.

96. This represents a 9.78 % increase in their ownership of the stock.

The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On XPOA number of hedge funds and other institutional investors have recently bought and sold shares of XPO. Versant Capital Management Inc acquired a new stake in shares of XPO during the fourth quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB boosted its position in XPO by 89.

0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock worth $26,000 after buying an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in XPO during the 4th quarter worth approximately $42,000.

Cullen Frost Bankers Inc. increased its position in XPO by 69.1% in the 4th quarter.

Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of XPO by 25.

6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 97.

73% of the company’s stock. XPO Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than XPOWhat Are Dividend Champions? How to Invest in the ChampionsRobinhood Strategies Could Be a Game-Changer for Young InvestorsHow to Know if a Stock Pays Dividends and When They Are Paid OutAre These 3 Retail Stocks Oversold or Really in Trouble?How to Calculate Stock Profit IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.