XPO (NYSE:XPO) Shares Gap Down – Should You Sell?

XPO, Inc. (NYSE:XPO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $227.58, but opened at $211.70. XPO shares last traded at $219.4880, with a volume of 291,271 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on XPO shares. Wells Fargo & Company lifted their price objective on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. TD Cowen increased their target price on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, May 1st. BMO Capital Markets lifted their price target on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Bank of America raised their target price on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $217.38.

XPO Stock Up 5.4%

The stock has a market capitalization of $26.75 billion, a P/E ratio of 78.03, a price-to-earnings-growth ratio of 2.51 and a beta of 1.83. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a fifty day moving average price of $212.60 and a 200 day moving average price of $183.20.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that XPO, Inc. will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On XPO

Institutional investors and hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp increased its stake in XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of XPO during the 4th quarter valued at about $28,000. Torren Management LLC bought a new stake in shares of XPO during the 4th quarter valued at about $37,000. Horizon Investments LLC purchased a new position in shares of XPO during the third quarter worth about $39,000. Finally, International Assets Investment Management LLC bought a new position in shares of XPO in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.