XPO (NYSE:XPO) Price Target Cut to $143.00 by Analysts at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its price objective cut by JPMorgan Chase & Co. from $147.00 to $143.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

XPO has been the topic of a number of other research reports. TD Cowen decreased their price objective on XPO from $143.00 to $142.00 and set a buy rating on the stock in a report on Thursday. Stephens restated an overweight rating and set a $150.00 price target on shares of XPO in a research report on Thursday. Benchmark restated a buy rating and set a $140.00 target price on shares of XPO in a report on Friday, August 2nd. Bank of America cut their price target on XPO from $135.00 to $134.00 and set a buy rating for the company in a report on Monday, July 22nd. Finally, Raymond James lowered their price objective on XPO from $135.00 to $130.00 and set an outperform rating on the stock in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $129.29.

XPO Stock Performance

NYSE:XPO opened at $101.70 on Friday. XPO has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $112.60 and a two-hundred day moving average of $114.24. The stock has a market capitalization of $11.83 billion, a PE ratio of 49.85, a P/E/G ratio of 1.78 and a beta of 2.11.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. XPO’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. As a group, research analysts forecast that XPO will post 3.61 earnings per share for the current fiscal year.

Institutional Trading of XPO

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in XPO during the 1st quarter worth approximately $27,000. Blue Trust Inc. increased its position in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the period. Quest Partners LLC acquired a new stake in shares of XPO in the second quarter valued at $28,000. Benjamin F. Edwards & Company Inc. grew its stake in XPO by 170.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in XPO during the 1st quarter worth about $31,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

About XPO

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.