XPO (NYSE:XPO) Price Target Cut to $160.00 by Analysts at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its target price cut by JPMorgan Chase & Co. from $163.00 to $160.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other research firms also recently weighed in on XPO. Raymond James Financial upped their price objective on XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Evercore ISI boosted their price target on XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Benchmark reiterated a “buy” rating on shares of XPO in a research report on Tuesday, December 2nd. Citigroup cut XPO from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $164.00 to $171.00 in a report on Wednesday, January 7th. Finally, Cowen reaffirmed a “buy” rating on shares of XPO in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.29.

XPO Price Performance

Shares of XPO stock opened at $146.17 on Monday. XPO has a 12 month low of $85.06 and a 12 month high of $155.08. The company has a market capitalization of $17.16 billion, a P/E ratio of 52.58, a P/E/G ratio of 2.40 and a beta of 2.02. The stock has a 50 day moving average of $140.14 and a two-hundred day moving average of $133.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last released its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. As a group, equities analysts expect that XPO will post 4.15 EPS for the current year.

Institutional Investors Weigh In On XPO

Hedge funds have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd lifted its holdings in XPO by 72.8% in 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 period. RMG Wealth Management LLC bought a new stake in shares of XPO during the 2nd quarter valued at $26,000. Root Financial Partners LLC acquired a new position in shares of XPO in the 3rd quarter valued at $32,000. Horizon Investments LLC acquired a new position in shares of XPO in the 3rd quarter valued at $39,000. Finally, FNY Investment Advisers LLC bought a new position in shares of XPO in the 2nd quarter worth $42,000. Institutional investors own 97.73% of the company’s stock.

XPO Company Profile

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.