XPO (NYSE:XPO) Price Target Raised to $201.00 at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its price objective raised by JPMorgan Chase & Co. from $189.00 to $201.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other research firms have also recently weighed in on XPO. TD Cowen restated a “buy” rating on shares of XPO in a report on Friday, February 6th. Wall Street Zen upgraded shares of XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Wells Fargo & Company lifted their target price on shares of XPO from $147.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. UBS Group set a $210.00 target price on XPO and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $170.00 target price on shares of XPO in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.14.

XPO Trading Up 0.2%

NYSE XPO opened at $194.71 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The business has a fifty day simple moving average of $174.67 and a 200 day simple moving average of $148.81. XPO has a 12 month low of $85.06 and a 12 month high of $220.50. The firm has a market capitalization of $22.81 billion, a P/E ratio of 73.48, a PEG ratio of 2.52 and a beta of 1.94.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. On average, analysts predict that XPO will post 4.15 EPS for the current fiscal year.

Institutional Trading of XPO

Hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. Invesco Ltd. increased its stake in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP increased its stake in shares of XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after purchasing an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after purchasing an additional 499,220 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in XPO by 9.7% in the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after purchasing an additional 261,935 shares during the last quarter. 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.