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

XPO (NYSE:XPO) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $163.00 to $160.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 10.41% from the stock’s current price.

Several other research firms have also recently commented on XPO. Oppenheimer set a $154.00 price target on shares of XPO and gave the company an “outperform” rating in a research note on Friday, October 31st. Bank of America increased their price objective on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Barclays lifted their target price on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Susquehanna decreased their price target on XPO from $162.00 to $160.00 and set a “positive” rating on the stock in a report on Monday, January 5th. Finally, Stephens reiterated an “overweight” rating and issued a $170.00 price objective on shares of XPO in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average target price of $152.43.

XPO Price Performance

Shares of XPO stock traded down $1.82 during mid-day trading on Monday, reaching $144.92. The company’s stock had a trading volume of 464,244 shares, compared to its average volume of 1,114,707. XPO has a 1-year low of $85.06 and a 1-year high of $155.08. The company has a market cap of $17.01 billion, a P/E ratio of 52.20, a PEG ratio of 2.40 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. The firm’s 50-day moving average is $139.99 and its two-hundred day moving average is $133.47.

XPO (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. The business had revenue of ($2,243.00) million for the quarter. On average, research analysts predict that XPO will post 4.15 earnings per share for the current year.

Institutional Trading of XPO

Several hedge funds have recently bought and sold shares of XPO. Amundi boosted its holdings in shares of XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after buying an additional 1,820 shares during the period. AQR Capital Management LLC grew its holdings in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after buying an additional 1,243 shares in the last quarter. NewEdge Advisors LLC grew its holdings in XPO by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after buying an additional 355 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in XPO by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,969 shares of the transportation company’s stock worth $32,593,000 after buying an additional 10,665 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of XPO by 194.1% during the first quarter. Geneos Wealth Management Inc. now owns 3,020 shares of the transportation company’s stock worth $325,000 after buying an additional 1,993 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.