JPMorgan Chase & Co. Cuts XPO (NYSE:XPO) Price Target to $144.00

Key Points

• JPMorgan Chase & Co. has reduced the price target for XPO from $156.00 to $144.00, while maintaining an "overweight" rating, indicating a potential upside of 4.49%.
• XPO's current average rating is "Moderate Buy," with a consensus price target of $140.50 after several analysts adjusted their ratings and targets recently.
• The company reported $1.05 EPS for the last quarter, surpassing expectations, and had a revenue of $2.08 billion, which represents an increase compared to the same quarter last year.

XPO (NYSE:XPO - Get Free Report) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $156.00 to $144.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 4.49% from the company's current price.

XPO has been the topic of several other reports. Susquehanna increased their price target on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Morgan Stanley lowered their price target on shares of XPO from $84.00 to $83.00 and set an "underweight" rating for the company in a report on Monday. Jefferies Financial Group reiterated a "buy" rating and set a $140.00 price target (up from $135.00) on shares of XPO in a report on Tuesday, June 10th. Barclays lifted their price target on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of XPO in a research report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.50.

XPO Price Performance

Shares of NYSE XPO traded up $5.40 during midday trading on Wednesday, hitting $137.81. The company had a trading volume of 555,317 shares, compared to its average volume of 1,509,534. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO has a twelve month low of $85.06 and a twelve month high of $161.00. The business has a 50-day simple moving average of $128.79 and a two-hundred day simple moving average of $120.60. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 2.67 and a beta of 1.95.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter last year, the business earned $1.12 earnings per share. The business's revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts anticipate that XPO will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. RMG Wealth Management LLC purchased a new position in shares of XPO in the 2nd quarter valued at approximately $26,000. SouthState Corp purchased a new position in XPO during the first quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in 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. FNY Investment Advisers LLC purchased a new position in XPO during the second quarter valued at $42,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock valued at $44,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

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.

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