XPO (NYSE:XPO) Given New $210.00 Price Target at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its target price upped by equities researchers at JPMorgan Chase & Co. from $208.00 to $210.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 6.33% from the stock’s current price.

Several other research firms have also weighed in on XPO. Stifel Nicolaus set a $237.00 price objective on XPO in a research note on Friday, May 1st. Barclays raised their price objective on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. TD Cowen raised their price objective on XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $233.00 price objective on shares of XPO in a research note on Friday, May 1st. Finally, Bank of America raised their price objective on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $217.38.

XPO Price Performance

NYSE XPO traded up $5.25 on Monday, reaching $224.19. The company’s stock had a trading volume of 217,439 shares, compared to its average volume of 1,643,351. XPO has a twelve month low of $116.68 and a twelve month high of $231.46. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $26.32 billion, a PE ratio of 76.80, a PEG ratio of 2.55 and a beta of 1.83. The firm’s 50 day moving average is $209.88 and its two-hundred day moving average is $180.50.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. As a group, sell-side analysts predict that XPO will post 4.84 EPS for the current year.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by company insiders.

Institutional Trading of XPO

Several hedge funds and other institutional investors have recently modified their holdings of the business. DV Trading LLC boosted its position in shares of XPO by 2,233.9% in the first quarter. DV Trading LLC now owns 1,307 shares of the transportation company’s stock worth $254,000 after buying an additional 1,251 shares during the period. Parallel Advisors LLC raised its holdings in shares of XPO by 13.2% during the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after acquiring an additional 49 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of XPO by 0.7% during the first quarter. Groupama Asset Managment now owns 653,083 shares of the transportation company’s stock worth $127,057,000 after acquiring an additional 4,607 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in shares of XPO during the first quarter worth $681,000. Finally, Bank of America Corp DE raised its holdings in shares of XPO by 4.9% during the first quarter. Bank of America Corp DE now owns 447,301 shares of the transportation company’s stock worth $87,022,000 after acquiring an additional 21,064 shares in the last quarter. 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.