Deutsche Bank set a $133.00 price target on XPO Logistics (NYSE:XPO) in a research note published on Friday, February 9th. The brokerage currently has a buy rating on the transportation company’s stock.
A number of other brokerages also recently issued reports on XPO. Bank of America dropped their price target on shares of XPO Logistics from $103.00 to $100.00 and set a buy rating on the stock in a report on Thursday, February 8th. Cowen reissued an outperform rating and issued a $100.00 price objective (up previously from $85.00) on shares of XPO Logistics in a report on Friday, February 9th. Vetr raised shares of XPO Logistics from a buy rating to a strong-buy rating and set a $98.77 price objective on the stock in a report on Thursday, February 8th. Stifel Nicolaus raised their target price on shares of XPO Logistics from $77.00 to $80.00 and gave the stock a buy rating in a research note on Monday, November 6th. Finally, Credit Suisse Group raised their target price on shares of XPO Logistics from $76.00 to $79.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. XPO Logistics currently has a consensus rating of Buy and an average target price of $96.20.
Shares of XPO Logistics (NYSE:XPO) traded down $0.57 on Friday, reaching $91.43. 1,019,448 shares of the company’s stock traded hands, compared to its average volume of 1,600,000. The company has a quick ratio of 1.23, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. XPO Logistics has a fifty-two week low of $44.51 and a fifty-two week high of $98.37. The stock has a market cap of $10,960.00, a PE ratio of 37.94, a P/E/G ratio of 0.92 and a beta of 2.55.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.90 billion. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. analysts predict that XPO Logistics will post 3.39 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Suffolk Capital Management LLC purchased a new stake in XPO Logistics in the third quarter valued at approximately $15,747,000. Point72 Asset Management L.P. boosted its position in XPO Logistics by 51.3% in the 3rd 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 lifted its position in shares of XPO Logistics by 7.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock valued at $24,867,000 after buying an additional 26,095 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of XPO Logistics by 120.3% during the 3rd quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock valued at $1,683,000 after buying an additional 13,560 shares in the last quarter. Finally, AXA lifted its position in shares of XPO Logistics by 47.1% during the 3rd quarter. AXA now owns 200,800 shares of the transportation company’s stock valued at $13,610,000 after buying an additional 64,300 shares in 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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