JPMorgan Chase & Co. Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

XPO (NYSE:XPO) had its price target raised by JPMorgan Chase & Co. from $146.00 to $160.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Several other equities analysts have also weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Stephens reissued an “overweight” rating and issued a $165.00 price target on shares of XPO in a research report on Wednesday. Citigroup lifted their price target on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. TD Cowen lifted their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.13.

XPO Stock Performance

XPO stock opened at $151.63 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $17.65 billion, a P/E ratio of 49.07, a P/E/G ratio of 2.33 and a beta of 2.08. The firm has a 50 day simple moving average of $131.73 and a 200 day simple moving average of $117.59. XPO has a 52 week low of $78.72 and a 52 week high of $156.85.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. Research analysts anticipate that XPO will post 3.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. ORG Wealth Partners LLC bought a new stake in XPO during the 3rd quarter worth about $25,000. Blue Trust Inc. raised its holdings in XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC bought a new stake in shares of XPO in the 2nd quarter valued at about $28,000. International Assets Investment Management LLC bought a new stake in shares of XPO in the 2nd quarter valued at about $36,000. Finally, UMB Bank n.a. increased its stake in shares of XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 353 shares during the last quarter. Institutional investors and hedge funds 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.