XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating restated by equities research analysts at KeyCorp in a research note issued on Friday, January 12th. They currently have a $110.00 price target on the transportation company’s stock. KeyCorp’s price target would suggest a potential upside of 17.77% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating and issued a $106.00 price target (up previously from $79.00) on shares of XPO Logistics in a research report on Thursday, January 11th. Oppenheimer restated a “buy” rating and issued a $104.00 price target on shares of XPO Logistics in a research report on Tuesday, January 9th. Citigroup restated an “outperform” rating and issued a $104.00 price target (up previously from $85.00) on shares of XPO Logistics in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Saturday, January 6th. Finally, Bank of America set a $103.00 price objective on shares of XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. XPO Logistics has an average rating of “Buy” and a consensus price target of $89.50.
XPO Logistics (XPO) opened at $93.40 on Friday. XPO Logistics has a 1-year low of $42.07 and a 1-year 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 firm has a market cap of $11,345.75, a P/E ratio of 77.83, a price-to-earnings-growth ratio of 0.84 and a beta of 2.52.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. equities research analysts forecast that XPO Logistics will post 1.93 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC purchased a new stake in XPO Logistics in the second quarter worth about $1,147,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of XPO Logistics by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after buying an additional 373 shares during the last quarter. Sit Investment Associates Inc. lifted its position in shares of XPO Logistics by 2.7% during the fourth quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock valued at $2,336,000 after buying an additional 676 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of XPO Logistics by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after buying an additional 1,129 shares during the last quarter. Finally, Middleton & Co Inc MA lifted its position in shares of XPO Logistics by 12.7% during the third quarter. Middleton & Co Inc MA now owns 10,305 shares of the transportation company’s stock valued at $698,000 after buying an additional 1,160 shares during the last quarter.
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About XPO Logistics
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.
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