XPO (NYSE:XPO) Stock Price Target Lowered at JPMorgan Chase & Co.

XPO (NYSE:XPO) had its price target reduced by JPMorgan Chase & Co. from $214.00 to $205.00 in a research note published on Monday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on the company. UBS Group boosted their price target on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Stifel Nicolaus lifted their target price on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Susquehanna decreased their target price on XPO from $225.00 to $194.00 and set a “neutral” rating for the company in a research report on Friday. Citigroup reduced their target price on XPO from $221.00 to $220.00 and set a “neutral” rating for the company in a research note on Tuesday, September 8th. Finally, Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $224.77.

XPO Trading Down 1.3%

Shares of XPO stock opened at $183.61 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $190.55 and its 200 day moving average price is $202.10. XPO has a 1-year low of $121.48 and a 1-year high of $232.05. The firm has a market capitalization of $21.50 billion, a PE ratio of 54.16, a P/E/G ratio of 1.89 and a beta of 1.85.

XPO (NYSE:XPO) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that XPO will post 5.42 EPS for the current fiscal year.

Insider Transactions at XPO

In related news, CFO Kyle Wismans sold 750 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $175.47, for a total value of $131,602.50. Following the transaction, the chief financial officer directly owned 47,966 shares in the company, valued at approximately $8,416,594.02. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,730 shares of company stock worth $2,208,974. 0.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of XPO by 13.2% in the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 49 shares in the last quarter. V Square Quantitative Management LLC grew its position in XPO by 19.1% during the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after buying an additional 60 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in XPO by 2.3% in the first quarter. Resonant Capital Advisors LLC now owns 4,193 shares of the transportation company’s stock valued at $816,000 after purchasing an additional 96 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in XPO by 23.9% in the 3rd quarter. Versant Capital Management Inc now owns 623 shares of the transportation company’s stock valued at $110,000 after buying an additional 120 shares during the period. Institutional investors own 97.73% of the company’s stock.

About XPO

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.