Cowen and Company Reaffirms Buy Rating for XPO Logistics, Inc. (NYSE:XPO)

XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating reiterated by equities researchers at Cowen and Company in a research note issued on Thursday, September 7th. They currently have a $69.00 price target on the transportation company’s stock. Cowen and Company’s price objective suggests a potential upside of 7.66% from the stock’s current price.

Several other analysts also recently commented on XPO. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Credit Suisse Group increased their target price on shares of XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Stifel Nicolaus raised their price objective on shares of XPO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 15th. CIBC raised their price objective on shares of XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Deutsche Bank AG restated a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.33.

XPO Logistics (XPO) opened at 64.09 on Thursday. The firm has a market capitalization of $7.55 billion, a P/E ratio of 73.41 and a beta of 2.28. XPO Logistics has a 12 month low of $31.68 and a 12 month high of $65.44. The stock’s 50 day moving average price is $58.87 and its 200 day moving average price is $55.67.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts forecast that XPO Logistics will post $1.91 earnings per share for the current year.

WARNING: This story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/09/23/xpo-logistics-inc-xpo-receives-buy-rating-from-cowen-and-company.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC purchased a new position in shares of XPO Logistics in the second quarter worth $1,147,000. Envestnet Asset Management Inc. increased its stake in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. increased its stake in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the period. Bank of Montreal Can increased its stake in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the period. Finally, Argent

Several other analysts also recently commented on XPO. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Credit Suisse Group increased their target price on shares of XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Stifel Nicolaus raised their price objective on shares of XPO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 15th. CIBC raised their price objective on shares of XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Deutsche Bank AG restated a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.33.

XPO Logistics (XPO) opened at 64.09 on Thursday. The firm has a market capitalization of $7.55 billion, a P/E ratio of 73.41 and a beta of 2.28. XPO Logistics has a 12 month low of $31.68 and a 12 month high of $65.44. The stock’s 50 day moving average price is $58.87 and its 200 day moving average price is $55.67.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts forecast that XPO Logistics will post $1.91 earnings per share for the current year.

WARNING: This story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/09/23/xpo-logistics-inc-xpo-receives-buy-rating-from-cowen-and-company.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC purchased a new position in shares of XPO Logistics in the second quarter worth $1,147,000. Envestnet Asset Management Inc. increased its stake in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. increased its stake in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the period. Bank of Montreal Can increased its stake in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the period. Finally, Argent Trust Co purchased a new position in shares of XPO Logistics in the second quarter worth $205,000. 89.54% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply