XPO (NYSE:XPO) Given New $143.00 Price Target at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its price objective trimmed by JPMorgan Chase & Co. from $147.00 to $143.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on XPO. Stephens reiterated an overweight rating and set a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Benchmark reaffirmed a buy rating and issued a $140.00 price objective on shares of XPO in a research report on Friday, August 2nd. Raymond James reduced their target price on shares of XPO from $135.00 to $130.00 and set an outperform rating for the company in a research report on Monday, June 24th. Susquehanna decreased their price target on shares of XPO from $160.00 to $145.00 and set a positive rating for the company in a research note on Wednesday, June 12th. Finally, TD Cowen dropped their price objective on XPO from $143.00 to $142.00 and set a buy rating on the stock in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $129.29.

XPO Price Performance

XPO stock opened at $101.87 on Friday. XPO has a 52 week low of $65.80 and a 52 week high of $130.51. The company’s 50 day moving average price is $112.53 and its two-hundred day moving average price is $114.03. The stock has a market cap of $11.86 billion, a P/E ratio of 49.94, a P/E/G ratio of 1.63 and a beta of 2.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.71 earnings per share. XPO’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts predict that XPO will post 3.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Perennial Investment Advisors LLC grew its position in shares of XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 103 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in XPO by 9.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after acquiring an additional 126 shares during the last quarter. Resources Management Corp CT ADV raised its holdings in shares of XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after acquiring an additional 145 shares in the last quarter. Mystic Asset Management Inc. raised its holdings in shares of XPO by 1.7% in the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after acquiring an additional 150 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after acquiring an additional 154 shares during the last quarter. Hedge funds and other institutional investors 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.