JPMorgan Chase & Co. Cuts XPO (NYSE:XPO) Price Target to $160.00

XPO (NYSE:XPO) had its target price lowered by JPMorgan Chase & Co. from $163.00 to $160.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Several other research analysts have also commented on XPO. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research report on Wednesday, October 8th. Bank of America upped their target price on XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Stephens reiterated an “overweight” rating and set a $170.00 target price on shares of XPO in a report on Tuesday, January 6th. Barclays boosted their price target on XPO from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Cowen restated a “buy” rating on shares of XPO in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.29.

XPO Trading Up 2.0%

Shares of XPO stock opened at $150.13 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $155.08. The firm’s 50 day moving average price is $140.50 and its two-hundred day moving average price is $133.88. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 54.00, a price-to-earnings-growth ratio of 2.59 and a beta of 2.02.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. XPO had a net margin of 4.13% and a return on equity of 26.14%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 earnings per share. On average, analysts anticipate that XPO will post 4.15 EPS for the current year.

Institutional Trading of XPO

A number of hedge funds have recently made changes to their positions in the stock. Bayforest Capital Ltd raised its holdings 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 acquiring an additional 83 shares in the last quarter. RMG Wealth Management LLC acquired a new position in XPO during the 2nd quarter worth $26,000. Root Financial Partners LLC bought a new stake in shares of XPO in the 3rd quarter worth about $32,000. Horizon Investments LLC bought a new stake in shares of XPO in the 3rd quarter worth about $39,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of XPO in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

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.