XPO Logistics (XPO) Stock Rating Reaffirmed by Deutsche Bank

XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a research report issued on Thursday, December 28th.

A number of other equities analysts have also recently issued reports on the stock. Citigroup decreased their price objective on shares of XPO Logistics from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, December 26th. Cowen reaffirmed a “buy” rating and set a $69.00 target price on shares of XPO Logistics in a research note on Thursday, September 7th. Macquarie lifted their target price on shares of XPO Logistics from $80.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, December 27th. CIBC cut their target price on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating on the stock in a research note on Monday, November 20th. Finally, Goldman Sachs Group initiated coverage on shares of XPO Logistics in a research note on Monday, November 13th. They set a “buy” rating and a $90.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $89.50.

Shares of XPO Logistics (NYSE:XPO) opened at $95.01 on Thursday. XPO Logistics has a fifty-two week low of $42.07 and a fifty-two week high of $95.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. The stock has a market cap of $11,390.00, a price-to-earnings ratio of 79.18, a PEG ratio of 0.87 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. research analysts predict that XPO Logistics will post 1.92 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Suffolk Capital Management LLC purchased a new stake in XPO Logistics during the third quarter valued at approximately $15,747,000. Point72 Asset Management L.P. increased its stake in shares of XPO Logistics by 51.3% in the third quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock worth $15,524,000 after purchasing an additional 77,649 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of XPO Logistics by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock worth $24,867,000 after purchasing an additional 26,095 shares in the last quarter. Sit Investment Associates Inc. increased its stake in shares of XPO Logistics by 120.3% in the third quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock worth $1,683,000 after purchasing an additional 13,560 shares in the last quarter. Finally, AXA increased its stake in shares of XPO Logistics by 47.1% in the third quarter. AXA now owns 200,800 shares of the transportation company’s stock worth $13,610,000 after purchasing an additional 64,300 shares in the last quarter.

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XPO Logistics Company Profile

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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