JPMorgan Chase & Co. Cuts XPO (NYSE:XPO) Price Target to $163.00

by · The Cerbat Gem

XPO (NYSE:XPO – Free Report) had its price target decreased by JPMorgan Chase & Co. from $166.00 to $163.00 in a report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Several other equities research analysts have also recently issued reports on XPO. Evercore ISI lifted their price objective on XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Oppenheimer set a $154.00 target price on XPO and gave the company an “outperform” rating in a research report on Friday, October 31st. Susquehanna reiterated a “positive” rating and set a $162.00 price target on shares of XPO in a research report on Friday, October 31st. Barclays increased their price objective on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Finally, Truist Financial set a $145.00 price objective on XPO in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $149.64.

Read Our Latest Stock Report on XPO

XPO Price Performance

Shares of NYSE XPO opened at $150.52 on Monday. The firm has a market cap of $17.67 billion, a PE ratio of 54.14, a PEG ratio of 2.83 and a beta of 2.03. The firm has a fifty day moving average of $134.74 and a 200 day moving average of $129.79. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02. XPO has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million for the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. As a group, research analysts predict that XPO will post 4.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL raised its holdings in shares of XPO by 2.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 30,828 shares of the transportation company’s stock valued at $3,985,000 after buying an additional 604 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in XPO by 77.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 5,429 shares of the transportation company’s stock valued at $702,000 after acquiring an additional 2,374 shares during the period. CIBC Private Wealth Group LLC grew its position in XPO by 18.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,863 shares of the transportation company’s stock valued at $629,000 after acquiring an additional 745 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of XPO in the third quarter valued at $648,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in XPO by 160.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 3,150 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 1,940 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Company Profile

(Get Free Report)

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.

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