JPMorgan Chase & Co. Has Lowered Expectations for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its target price cut by stock analysts at JPMorgan Chase & Co. from $163.00 to $160.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 8.87% from the stock’s current price.

XPO has been the subject of a number of other reports. Evercore ISI lifted their price objective on shares of XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Bank of America lifted their price target on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Barclays boosted their price objective on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Morgan Stanley raised their target price on XPO from $83.00 to $90.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Finally, TD Cowen lifted their target price on XPO from $141.00 to $158.00 and gave the company a “buy” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $152.29.

XPO Trading Up 0.6%

Shares of XPO opened at $146.96 on Monday. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $155.08. The business has a 50-day moving average of $140.26 and a 200 day moving average of $133.76. The firm has a market cap of $17.25 billion, a P/E ratio of 52.86, a price-to-earnings-growth ratio of 2.55 and a beta of 2.02. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02.

XPO (NYSE:XPO) last issued its earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. The firm 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 company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.02 earnings per share. As a group, research analysts forecast that XPO will post 4.15 EPS for the current year.

Hedge Funds Weigh In On XPO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vise Technologies Inc. increased its holdings in shares of XPO by 3.4% in the 3rd quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock worth $297,000 after buying an additional 76 shares during the last quarter. GAMMA Investing LLC increased its stake in XPO by 4.4% in the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after acquiring an additional 78 shares during the last quarter. Parkside Financial Bank & Trust raised its position in XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares in the last quarter. Archer Investment Corp lifted its stake in XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after purchasing an additional 82 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in shares of XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. 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.