XPO (NYSE:XPO) Given New $205.00 Price Target at JPMorgan Chase & Co.

XPO (NYSE:XPO - Get Free Report) had its target price lowered by JPMorgan Chase & Co. from $214.00 to $205.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 10.54% from the stock's current price.

XPO has been the subject of a number of other reports. Susquehanna cut their price objective on XPO from $225.00 to $194.00 and set a "neutral" rating for the company in a research report on Friday. Oppenheimer boosted their target price on XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Sanford C. Bernstein started coverage on XPO in a research note on Thursday, September 10th. They issued an "outperform" rating and a $244.00 price target on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $247.00 price target on shares of XPO in a report on Thursday, July 30th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $224.77.

XPO Stock Performance

Shares of XPO traded down $0.65 during midday trading on Monday, reaching $185.44. The stock had a trading volume of 239,940 shares, compared to its average volume of 1,426,710. The firm has a market cap of $21.71 billion, a PE ratio of 54.64, a P/E/G ratio of 1.89 and a beta of 1.85. The firm has a 50 day simple moving average of $191.03 and a 200-day simple moving average of $202.13. XPO has a one year low of $121.48 and a one year high of $232.05. 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 (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the firm earned $1.05 EPS. XPO's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPO will post 5.42 EPS for the current year.

Insider Activity at XPO

In related news, CAO Christopher Brown sold 3,750 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kyle Wismans sold 750 shares of the company's stock in a transaction on Thursday, October 1st. The shares were 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 in the company, valued at approximately $8,416,594.02. This represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,730 shares of company stock worth $2,208,974 in the last ninety days. 0.87% of the stock is owned by company insiders.

Hedge Funds Weigh In On XPO

Several institutional investors and hedge funds have recently modified their holdings of the business. Keating Financial Advisory Services Inc. acquired a new stake in XPO in the 2nd quarter worth about $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of XPO during the 2nd quarter worth approximately $32,000. Root Financial Partners LLC grew its position in shares of XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company's stock worth $70,000 after purchasing an additional 63 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of XPO by 19.1% during the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company's stock worth $73,000 after purchasing an additional 60 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of XPO by 13.2% during the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company's stock worth $82,000 after purchasing an additional 49 shares during the period. 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.

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