JPMorgan Chase & Co. Raises XPO (NYSE:XPO) Price Target to $166.00

XPO (NYSE:XPO) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $144.00 to $166.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.09% from the stock’s current price.

XPO has been the subject of several other reports. Stifel Nicolaus set a $149.00 target price on shares of XPO in a research report on Friday. UBS Group raised their target price on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Oppenheimer set a $154.00 target price on shares of XPO and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPO in a research report on Wednesday, October 8th. Finally, Cowen reaffirmed a “buy” rating on shares of XPO in a research report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.40.

XPO Trading Up 6.1%

Shares of XPO opened at $144.24 on Friday. The stock has a market capitalization of $16.99 billion, a P/E ratio of 49.91, a PEG ratio of 2.51 and a beta of 1.95. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The firm has a fifty day simple moving average of $130.79 and a two-hundred day simple moving average of $124.37. XPO has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. On average, research analysts anticipate that XPO will post 4.15 EPS for the current year.

Insider Activity

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in XPO by 4.4% in the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock worth $235,000 after acquiring an additional 78 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after buying an additional 82 shares during the last quarter. Bayforest Capital Ltd lifted its position in shares of XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of XPO by 2.2% during the third quarter. QRG Capital Management Inc. now owns 4,491 shares of the transportation company’s stock valued at $581,000 after buying an additional 97 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

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.