Goldman Sachs Group, Inc. (The) began coverage on shares of XPO Logistics, Inc. (NYSE:XPO) in a research note released on Monday morning. The firm issued a buy rating and a $90.00 target price on the transportation company’s stock.
Other analysts have also recently issued reports about the company. Morgan Stanley reissued an overweight rating and set a $75.00 price target (up from $60.00) on shares of XPO Logistics in a report on Tuesday, July 25th. Barclays PLC lifted their price objective on XPO Logistics from $65.00 to $75.00 and gave the company an overweight rating in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. BidaskClub cut XPO Logistics from a strong-buy rating to a buy rating in a report on Monday, July 24th. Finally, Credit Suisse Group AG lifted their price objective on XPO Logistics from $76.00 to $79.00 and gave the company an outperform rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $75.17.
Shares of XPO Logistics (NYSE XPO) traded up $0.38 during midday trading on Monday, hitting $72.48. The stock had a trading volume of 887,900 shares, compared to its average volume of 1,519,948. 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 one year low of $40.74 and a one year high of $74.87. The company has a market cap of $8,642.69, a P/E ratio of 41.68, a P/E/G ratio of 1.04 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. equities analysts predict that XPO Logistics will post 1.92 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of XPO Logistics in the second quarter valued at approximately $1,147,000. K.J. Harrison & Partners Inc bought a new position in shares of XPO Logistics in the third quarter valued at approximately $847,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics in the third quarter valued at approximately $102,000. Advisors Asset Management Inc. grew its holdings in shares of XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 466 shares in the last quarter. Finally, Argent Trust Co bought a new position in shares of XPO Logistics in the second quarter valued at approximately $205,000. 91.57% of the stock is owned by hedge funds and other 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.
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