XPO (NYSE:XPO) Price Target Raised to $130.00 at JPMorgan Chase & Co.

XPO (NYSE:XPO - Get Free Report) had its price objective upped by analysts at JPMorgan Chase & Co. from $121.00 to $130.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 1.91% from the stock's previous close.

Several other research analysts have also recently weighed in on XPO. UBS Group boosted their price target on shares of XPO from $123.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays boosted their target price on shares of XPO from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Stifel Nicolaus cut their price target on shares of XPO from $147.00 to $142.00 and set a "buy" rating for the company in a report on Monday, April 14th. Susquehanna lifted 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. Finally, Truist Financial increased their price objective on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.05.

XPO Price Performance

XPO stock traded down $1.41 during mid-day trading on Tuesday, reaching $132.53. The company's stock had a trading volume of 622,925 shares, compared to its average volume of 1,625,937. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The company's 50 day moving average is $122.11 and its two-hundred day moving average is $120.79. XPO has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The stock has a market cap of $15.61 billion, a PE ratio of 40.78, a P/E/G ratio of 2.57 and a beta of 1.93.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The business's revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts expect that XPO will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has initiated a share buyback program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in XPO by 63.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company's stock worth $54,000 after buying an additional 165 shares during the period. UMB Bank n.a. grew its stake in shares of XPO by 31.1% in the second quarter. UMB Bank n.a. now owns 1,392 shares of the transportation company's stock worth $176,000 after acquiring an additional 330 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of XPO by 2.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,755 shares of the transportation company's stock worth $2,082,000 after acquiring an additional 334 shares during the period. Gilman Hill Asset Management LLC increased its position in shares of XPO by 2.4% during the second quarter. Gilman Hill Asset Management LLC now owns 39,325 shares of the transportation company's stock worth $4,966,000 after acquiring an additional 935 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of XPO by 46.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock valued at $44,000 after acquiring an additional 111 shares in 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.