XPO Logistics (NYSE:XPO) Earns “Outperform” Rating from Citigroup

Citigroup reiterated their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research report released on Tuesday, January 9th, The Fly reports. They currently have a $104.00 price objective on the transportation company’s stock, up from their prior price objective of $85.00.

Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded XPO Logistics from a hold rating to a buy rating and set a $103.00 price objective for the company in a research report on Saturday, January 6th. Bank of America set a $103.00 price objective on XPO Logistics and gave the company a buy rating in a research report on Wednesday, January 3rd. Macquarie reiterated an outperform rating and issued a $105.00 price objective (up from $80.00) on shares of XPO Logistics in a research report on Tuesday, January 2nd. Stifel Nicolaus cut their target price on XPO Logistics from $120.00 to $80.00 and set a buy rating on the stock in a research note on Tuesday, January 2nd. Finally, Deutsche Bank restated a buy rating on shares of XPO Logistics in a research note on Thursday, December 28th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $89.50.

XPO Logistics (XPO) opened at $93.82 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. XPO Logistics has a 12-month low of $43.39 and a 12-month high of $98.37. The stock has a market capitalization of $11,250.00, a P/E ratio of 78.18, a P/E/G ratio of 0.82 and a beta of 2.55.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the firm earned $0.41 EPS. XPO Logistics’s quarterly revenue was up 4.7% compared to the same quarter last year. research analysts anticipate that XPO Logistics will post 1.93 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in XPO. American Century Companies Inc. raised its stake in shares of XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after purchasing an additional 1,492,525 shares in the last quarter. FMR LLC raised its stake in shares of XPO Logistics by 73.3% during the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after purchasing an additional 1,223,543 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after purchasing an additional 718,511 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of XPO Logistics by 37.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after purchasing an additional 603,866 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in shares of XPO Logistics during the 2nd quarter worth approximately $30,551,000.

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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.

The Fly

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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