XPO (NYSE:XPO) Given New $210.00 Price Target at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its price target raised by investment analysts at JPMorgan Chase & Co. from $208.00 to $210.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 6.33% from the company’s previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley set a $105.00 price target on XPO and gave the stock an “underweight” rating in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price target on shares of XPO in a research report on Thursday, April 30th. Stifel Nicolaus set a $237.00 price target on XPO in a research report on Friday, May 1st. Oppenheimer increased their price target on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Raymond James Financial restated an “outperform” rating and issued a $233.00 target price on shares of XPO in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $217.38.

XPO Stock Up 2.4%

NYSE XPO traded up $5.25 on Monday, hitting $224.19. 217,439 shares of the stock traded hands, compared to its average volume of 1,643,351. The stock has a 50-day moving average of $209.88 and a 200 day moving average of $180.50. XPO has a twelve month low of $116.68 and a twelve month high of $231.46. The company has a market capitalization of $26.32 billion, a P/E ratio of 76.80, a price-to-earnings-growth ratio of 2.55 and a beta of 1.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, analysts expect that XPO will post 4.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of XPO

Several large investors have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp boosted its stake in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of XPO in the fourth quarter valued at $28,000. Torren Management LLC acquired a new stake in shares of XPO in the fourth quarter valued at $37,000. International Assets Investment Management LLC acquired a new stake in shares of XPO in the fourth quarter valued at $41,000. Finally, Horizon Investments LLC acquired a new stake in XPO in the 3rd quarter valued at about $39,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

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.