XPO (NYSE:XPO) Given New $201.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on XPO to $201 (from $189) and kept an overweight rating, implying about a 3.2% upside from the prior close.
• Analyst views are mixed — the consensus is a Moderate Buy with an average target of $182.14, but individual targets range widely from $95 to $230, signaling divergent expectations.
• XPO recently reported an EPS beat ($0.88 vs. $0.76 expected) and revenue beat, and is trading near $194.71 with a high P/E (~73.5) and roughly 97.7% institutional ownership.

XPO (NYSE:XPO - Get Free Report) had its price objective lifted by analysts at JPMorgan Chase & Co. from $189.00 to $201.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 3.23% from the company's previous close.

XPO has been the subject of a number of other reports. BMO Capital Markets set a $230.00 target price on shares of XPO in a research note on Thursday, February 19th. Susquehanna lowered shares of XPO from a "positive" rating to a "neutral" rating and raised their price target for the company from $160.00 to $210.00 in a report on Wednesday, February 11th. Wall Street Zen raised XPO from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of XPO in a research report on Wednesday, January 21st. Finally, Morgan Stanley reissued an "underweight" rating and issued a $95.00 target price on shares of XPO in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $182.14.

XPO Price Performance

Shares of NYSE:XPO traded up $0.39 during trading on Tuesday, reaching $194.71. The stock had a trading volume of 1,203,677 shares, compared to its average volume of 1,917,601. The stock has a market capitalization of $22.81 billion, a PE ratio of 73.48, a P/E/G ratio of 2.44 and a beta of 1.93. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. XPO has a 52 week low of $85.06 and a 52 week high of $220.50. The business's 50-day moving average price is $173.53 and its 200 day moving average price is $148.41.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business's revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. As a group, equities analysts predict that XPO will post 4.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bayforest Capital Ltd lifted its stake 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. Toth Financial Advisory Corp increased its stake in shares of XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of XPO in the 4th quarter valued at approximately $28,000. Root Financial Partners LLC bought a new position in XPO during the 3rd quarter worth approximately $32,000. Finally, Torren Management LLC acquired a new position in XPO during the fourth quarter valued at approximately $37,000. 97.73% of the stock is currently owned by institutional investors.

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.

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