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

XPO (NYSE:XPO) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $214.00 to $205.00 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 target price would indicate a potential upside of 12.02% from the stock’s previous close.

A number of other research firms have also recently commented on XPO. Citizens Jmp began coverage on XPO in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. TD Cowen upped their price objective on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings lowered shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Raymond James Financial decreased their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Stifel Nicolaus lifted their target price on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $224.77.

XPO Price Performance

NYSE XPO opened at $183.00 on Monday. The firm’s fifty day simple moving average is $190.12 and its two-hundred day simple moving average is $202.05. The firm has a market capitalization of $21.43 billion, a P/E ratio of 53.98, a P/E/G ratio of 1.84 and a beta of 1.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO has a 12-month low of $121.48 and a 12-month high of $232.05.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. Analysts forecast that XPO will post 5.42 EPS for the current fiscal year.

Insider Activity at XPO

In other XPO news, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $175.47, for a total value of $131,602.50. Following the completion of the transaction, the chief financial officer directly owned 47,966 shares of the company’s stock, valued at approximately $8,416,594.02. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David Bates sold 2,615 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the completion of the sale, the chief operating officer owned 64,735 shares in the company, valued at approximately $11,614,106.35. This represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 11,730 shares of company stock worth $2,208,974. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On XPO

Several large investors have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new position in shares of XPO in the 2nd quarter valued at about $32,000. Transamerica Financial Advisors LLC purchased a new position in XPO during the second quarter worth approximately $32,000. Root Financial Partners LLC grew its holdings in XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 63 shares during the period. V Square Quantitative Management LLC grew its holdings in XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 60 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of XPO by 13.2% in the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after buying an additional 49 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

About XPO

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.