XPO (NYSE:XPO) Given New $143.00 Price Target at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its price objective lowered by JPMorgan Chase & Co. from $147.00 to $143.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

XPO has been the subject of a number of other reports. Raymond James decreased their target price on XPO from $135.00 to $130.00 and set an outperform rating for the company in a research report on Monday, June 24th. Benchmark reissued a buy rating and set a $140.00 price objective on shares of XPO in a research report on Friday, August 2nd. Evercore ISI cut their price target on shares of XPO from $144.00 to $124.00 and set an outperform rating for the company in a report on Tuesday, June 25th. TD Cowen reduced their price objective on shares of XPO from $143.00 to $142.00 and set a buy rating for the company in a research note on Thursday. Finally, Bank of America lowered their price target on XPO from $135.00 to $134.00 and set a buy rating on the stock in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of Moderate Buy and an average price target of $129.29.

XPO Stock Performance

Shares of XPO opened at $101.70 on Friday. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 49.85, a price-to-earnings-growth ratio of 1.78 and a beta of 2.11. XPO has a 52-week low of $65.80 and a 52-week high of $130.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a 50 day moving average price of $112.60 and a 200 day moving average price of $114.24.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Research analysts predict that XPO will post 3.61 EPS for the current fiscal year.

Institutional Investors Weigh In On XPO

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mather Group LLC. acquired a new stake in XPO in the 1st quarter worth about $27,000. Blue Trust Inc. increased its position in XPO by 25,800.0% during the second 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 acquired a new position in shares of XPO in the 2nd quarter valued at $28,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of XPO by 170.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after buying an additional 211 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in shares of XPO in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

About XPO

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.