JPMorgan Chase & Co. Forecasts Strong Price Appreciation for XPO (NYSE:XPO) Stock

XPO (NYSE:XPO) had its price target raised by analysts at JPMorgan Chase & Co. from $146.00 to $160.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 5.52% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus raised their price target on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Stephens restated an “overweight” rating and set a $165.00 target price on shares of XPO in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Oppenheimer reissued an “outperform” rating and set a $140.00 price objective on shares of XPO in a research report on Friday, October 4th. Finally, Evercore ISI reduced their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average price target of $143.13.

XPO Trading Up 0.8 %

Shares of NYSE:XPO opened at $151.63 on Friday. XPO has a 52 week low of $78.72 and a 52 week high of $156.85. The company’s 50 day moving average is $131.73 and its two-hundred day moving average is $117.67. The company has a market cap of $17.65 billion, a PE ratio of 49.07, a P/E/G ratio of 2.33 and a beta of 2.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. Equities analysts predict that XPO will post 3.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPO

A number of large investors have recently bought and sold shares of the stock. D1 Capital Partners L.P. purchased a new stake in shares of XPO during the second quarter worth about $271,532,000. The Manufacturers Life Insurance Company raised its holdings in XPO by 239.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after acquiring an additional 390,320 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of XPO by 61.2% during the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after purchasing an additional 259,727 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of XPO during the third quarter worth $18,071,000. 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.